Economics
Just How Bad Was the Fed's Non-Hike for Bank Stocks? Take a Look
- Financial stocks close to falling below a chart support level
- Group hits 4-month relative low as selloff continues Friday
Federal Reserve Chair Janet Yellen, right, walks past a frosted glass door as she arrives to speak at a news conference in Washington, on Sept. 17, 2015.
Photographer: Jacquelyn Martin/AP PhotoThis article is for subscribers only.
The Federal Reserve’s decision to hold off raising interest rates has only helped to spur bearish bets on financial stocks, capping a month in which the group fell almost 10 percent.
Financial stocks emerged as the whipping boy of the U.S. equity market Thursday, falling within minutes of the central bank’s post-meeting announcement. It continued Friday with the Standard & Poor’s 500 Financials Index slipping to a four-month low relative to the benchmark.