Dow Jones Industrial Average drops 730 points
Texas, Florida roll back some reopening measures
Banks fall, reopening trade slide
Bank shares were under pressure after the Federal Reserve released its annual stress test results. Goldman Sachs dropped 8.65% and JPMorgan Chase fell 5.48%. Wells Fargo closed 7.42% lower. Shares of United and American Airlines — which stand to benefit from the economy reopening — closed lower by 5.19% and 6.00%, respectively.
What happens next?
Pending home sales numbers are set for release Monday at 10 a.m.
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Published at Fri, 26 Jun 2020 20:25:14 +0000-Here’s what happened to the stock market on Friday