Banks were on track for their worst day in two months on Thursday.
Both the SPDR S&P Bank ETF (KBE) and the SPDR S&P Regional Bank ETF (KRE) neared session lows in early trading, down more than 1 percent each. The ETFs later recovered some of those losses. The KBE ended the day down 0.56 percent while the KRE ended the day 0.7 percent.
The regional banks ETF was pacing for its worst day since June 27, while the bank ETF were on track for its worst day since July 5.
The banks extended their losses after the