Here's Why Wells Fargo Is Plunging on Wednesday
The stock market was having a moderately weak day on Wednesday, with the Dow Jones Industrial Average and S&P 500 down by 0.4% and 0.2%, respectively, as of 1:40 p.m. EDT, while investors were awaiting the Federal Reserve's latest economic outlook.
Financial stocks are among the worst performing parts of the market, and Wells Fargo (NYSE: WFC) is having a particularly bad day, with shares down by nearly 7% for the day.
Image source: Wells Fargo.
Source Fool.com