Fed does exactly as planned - but bank stocks still take a hit
Robert R. Johnson
The Federal Reserve didn't touch short-term rates last week — just as most investors expected. Someone should have told bank-stock investors.
Immediately after the Fed's non-move, the 11 worst-performing Standard & Poor's 500 stocks were all financials, including Huntington Bancshares (HBAN), Charles Schwab(SCHW) and KeyCorp (KEY), according to a USA TODAY analysis of data from S&P Global Market Intelligence.
Krantz, Matt, "Fed does exactly as planned - but bank stocks still take a hit" (2016). In the News. 1454.