Financials Down As Most Treasury Yields Inch Up -- Financials Roundup

Shares of banks and other financial institutions fell as traders hedged their bets on the outlook for interest rates.

The yield on the 10-year Treasury note rose ahead of the Federal Reserve meeting next week.

Wall Street regulator FINRA fined two units of Wells Fargo more than $2 million for allegedly failing to properly maintain certain client records, according to a copy of the regulator's Dec. 3 disciplinary action.

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(END) Dow Jones Newswires

12-08-21 1721ET