The U.S. financial ETF was trading near its 52-week low, set in August.
European financial stocks were again suffering steep declines on Tuesday as iShares MSCI Europe Financials Sector (NasdaqGM: EUFN) slipped 9%. Barclays (NYSE: BCS), UBS (NYSE: UBS) and Credit Suisse (NYSE: CS) were seeing double-digit percentage losses.
Financial Select Sector SPDR Fund
