Diversified financial-services companies' shares dropped on Tuesday as oil prices jumped to a new record near $127 a barrel on the New York Mercantile Exchange, and retail sales and business inventory data failed to appease investors' concerns.
Earlier, the Commerce Department said retail sales fell in April and business inventories increased by the smallest amount in a year.
Here's where some diversified financial companies' shares closed on Tuesday:
Citigroup Inc., down 61 cents, or 2.6 percent, to $23.03.
Bank of America Corp., down 83 cents, or 2.2 percent, to $36.61.
CIT Group Inc., down 28 cents, or 2.3 percent, to $11.72.
JPMorgan Chase & Co., down $1.76, or 3.7 percent, to $45.48.
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