{"id":54161,"date":"2021-11-05T01:27:36","date_gmt":"2021-11-04T21:27:36","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=54161"},"modified":"2021-11-05T01:27:57","modified_gmt":"2021-11-04T21:27:57","slug":"bank-shares-severely-beaten-as-treasury-yields-fall","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bank-shares-severely-beaten-as-treasury-yields-fall\/11\/05\/market-updates\/","title":{"rendered":"Bank shares severely beaten as Treasury yields fall"},"content":{"rendered":"\n<p>Financial shares were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve&#8217;s detailing of its tapering plans.<br><\/p>\n\n\n\n<p>As the Bank of England held off on an expected rate hike, the SPDR Financial Select Sector ETF dropped 2.0% with 61 of 65 equity components losing. <br><\/p>\n\n\n\n<p>Within the Dow Jones Industrial Average, Goldman Sachs Group Inc.&#8217;s shares recorded the biggest losses, as it fell $13.49, or 3.2%. <br><br>Shares of JPMorgan Chase &amp; Co. lost 2.3%, Bank of America Corp. dropped 3.0%, Citigroup Inc. slid 3.4% and Wells Fargo &amp; Go. shed 2.9%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial shares were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve&#8217;s detailing of its tapering plans. As the Bank of England held off on an expected rate hike, the SPDR Financial Select Sector ETF dropped 2.0% with 61 of 65 equity components losing. Within the Dow Jones &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[7953,6902,6984],"class_list":["post-54161","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-bank-shares","tag-dow-jones","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=54161"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54161\/revisions"}],"predecessor-version":[{"id":54165,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54161\/revisions\/54165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52018"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}