The SPDR Financial Select Sector ETF (XLF) fell 0.6% in morning trade Tuesday, putting it on track to snap an 11-session win streak, with 61 of 67 equity components losing ground. The financial ETF (XLF) has run up 10.7% during the win streak. Among the XLF's most heavily weighted components, shares of Warren Buffett's Berkshire Hathaway Inc. (BRKA) fell 0.4%, J.P. Morgan Chase & Co. (JPM) shed 1.1%, Bank of America Corp. (BAC) gave up 0.5% and Citigroup Inc. (C) lost 1.0% in early trade. The win streak is currently the longest since the record 13-day stretch ending Nov. 10, 2014, and it comes after about seven months after its record 13-session losing streak that ended June 27, 2018. The XLF has slipped 1.0% over the past three months, while the S&P 500 has declined 3.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 22, 2019 09:34 ET (14:34 GMT)
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