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Pisani: Stocks Slip on Volcker News

Stocks have been drifting lower since 2pm ET, but took a second leg down after 3:30pm.

Why?

Word has circulated that the U.S. Senate Banking Committee has tentatively set a hearing with Paul Volcker for next week on the President’s bank proposal.

More Market Insights...

...and a Counterpoint:

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CNBC's Financials in the News:

AIG

Citigroup

JPMorgan Chase

Bank of America

Travelers

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CNBC Data Pages:

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Questions? Comments? tradertalk@cnbc.com

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street