The US stock market today fell and all major stock indices had losses of more than 2%. Dow Jones fell more than 700 points, Nasdaq declined more than 250 points.
The US stock market at the close today
S&P 500: 3,009.01,-74.75(-2.42%)
Dow 30: 25,015.48,-730.12(-2.84%)
Nasdaq: 9,757.22, -259.78(-2.59%)
Russell 2000: 1,384.55,-28.76(-2.04%)
Why the stock market declined today
A few reasons. A surge in the coronavirus cases and news that Texas and Florida will take precaution and safety measures, news that banks will face restrictions set by the Fed related to dividends and share buybacks for the third quarter, and a miss for the University of Michican consumer sentiment index.
Stock market data: Yahoo Finance
Bank stocks under selling pressure today
These are the stock prices, stock quotes for big US banks today at the close:
The Goldman Sachs Group, Inc. (GS): 189.08-18.02 (-8.70%)
Bank of America Corporation (BAC): 23.15-1.57 (-6.35%)
Morgan Stanley (MS): 47.06-1.73 (-3.55%)
JPMorgan Chase & Co. (JPM): 92.55-5.41 (-5.52%)
Wells Fargo & Company (WFC): 25.35-2.02 (-7.38%)