were plummeting along with the overall market Monday as traders fled equities to seek safe havens in gold and Treasury bonds.
Recently, the NYSE Financial Sector index was losing 7.6%, and the Amex Securities Broker/Dealer index was off 6.9%. The KBW Bank index was dropping 9.3%.
Throughout the group, the selling was furious, as it was for the broad market. At one point, the
Dow Jones Industrial Average
had a loss of nearly 800 points.
Among individual stocks,
, which is being pursued by
, was down 5.3% at $5.88. Citi fell nearly 7%, and Wells was off almost 5%.
Citi wasn't even the worst financial component of the Dow. That distinction belonged to
Bank of America
, which tumbled 9.6%.
was lower by 8.6%, and
was shedding 7.5%.
was one of the session's few winners, climbing nearly 12% after saying it has agreed to a $2.5 billion capital investment from
. Hartford also said it plans to cut its dividend and that it will probably post a loss in the third quarter.
This article was written by a staff member of TheStreet.com.