Financial ETFs Lead Market Decline with Nearly 5% Loss
November 01, 2011 at 16:10 PM EDT
Financial exchange traded funds led the way lower in stocks Tuesday as a surprise Greek referendum threatened the Eurozone bailout plan and fallout from MF Global’s bankruptcy filing weighed on banks. SPDR S&P Bank ETF (NYSEArca: KBE) and Financial Select Sector SPDR (NYSEArca: XLF) lost...