Stocks have been drifting lower since 2pm ET, but took a second leg down after 3:30pm.
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...
- Art Cashin: 'Stunned, Shaken' Market Shrugs Off Earnings
- Obama Bank Policies Can Crash Market: Dick Bove
- Correction Has Already Begun: Portfolio Manager
...and a Counterpoint:
CNBC's Financials in the News:
Bank of America
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