“The outlook continues to deteriorate,” Yelena Shulyatyeva, a U.S. economist at BNP Paribas, said. “It’s not good for confidence when people see their main asset, their homes, decline in value. Our best-case scenario is we’ll muddle through.”
SPDR KBW Bank ETF (NYSEArca: KBE) and Financial Select Sector SPDR (NYSEArca: XLF) are among the largest financial sector ETFs.
SPDR KBW Bank ETF
Max Chen contributed to this article.
For more information on the financial sector, visit our financial category.