Financials tumble in biggest one-day drop in April as political uncertainty weighs

Shares of financial companies dropped on Wednesday, leading the overall market's decline as political turmoil intensified, weighing on investor sentiment. The Financial Select Sector SPDR ETF fell 1.8% in its biggest one-day drop since late March. It was by far the biggest decliner among the largest sector-tracking exchange-traded funds. Among the most actively traded stocks in the sector, Goldman Sachs Group Inc. sank 2.1% while Bank of America Corp. lost 3.3%. Citigroup Inc. fell 1.8% while J.P. Morgan Chase & Co. shed 2.1%. Among other financial ETFs, the SPDR S&P Bank ETF lost......(read more)

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