Financial ETFs Drop as Fed Allows Covid Capital Relief to Expire
March 19, 2021 at 15:04 PM EDT
Financial sector-related exchange traded funds were dealt a blow Friday after the Federal Reserve planned to end coronavirus pandemic relief that provided a temporary capital buffer for big banks. On Friday, the SPDR S&P Regional Banking ETF (NYSEArca: KRE) fell 0.9%, Financial Select Sector...
