Stocks ended at session lows and with the worst losses of the year as the shine of the Trump rally wore thin. The S&P 500 declined by more than 1% for the first time in more than 100 sessions. The financial sector was one of the worst performers on doubts over whether President Trump can pass regulatory reform. Major banks including Bank of America (BAC - Get Report) , JPMorgan (JPM - Get Report) and Wells Fargo (WFC - Get Report) were the hardest hit. Campbell Soup (CPB - Get Report) tumbled after it was downgraded from MARKET PERFORM to UNDERPERFORM at Bernstein. The firm said revenue trends are deteriorating and that consumers are showing a preference for fresher food. General Mills (GIS - Get Report) fell after sales came in slightly weaker than forecast. The consumer foods company reported a 5.2% drop in quarterly revenue.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
What Stocks and Sectors Investors Should Watch During the Second Half of 2019
Curious about stocks or sectors that investors should watch now that we're transitioning into the second half of 2019? Here's what Real Money contributor Stephen Guilfoyle thinks.
NYSE Trader: How Investors Should Approach the Trump-Xi Meeting
Be careful before you start planning your trades based on the Trump-Xi meeting. Here's what Jonathan Corpina, senior managing partner at Meridian Equity Partners, weighs in on what investors should do ahead of the meeting.
How the Democratic Front-Runners Plan to Tackle the Trump Economy
The Democratic Presidential hopefuls will begin debating each other Wednesday. One of the issues they plan on tackling? Trump's economy.
What the 2020 Election Could Mean for Your Retirement
TheStreet sat down with a top financial adviser at Wells Fargo, who broke down just what retirement investors have their eye on as the 2020 election approaches.