Financials Falling Apart (GS, JPM, BAC, C, XLF)

Stocks are hitting their lows of the day with around 3 and a half hours left in the trading day. Leading the market lower is the financial sector. Goldman Sachs GS has fallen 3.80% to $160.41. J.P. Morgan JPM is down 2.79% to $38.31. Bank of America BAC has shed 3.52% to $11.25 and Citigroup C is down 2.53% to $4.16. The Financial Select Sector SPDR XLF is down 1.92% to $14.57.