Jul 25, 2:43 p.m., New York
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Brokerage Stocks Under Pressure Amid Concerns About Price War

02/28/17

WASHINGTON (dpa-AFX) - Brokerage stocks have shown a significant move to the downside during trading on Tuesday, dragging the NYSE Arca Broker/Dealer Index down by 2 percent.

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The weakness in the sector comes amid an escalating price war as Fidelity Investments and Charles Schwab (SCHW) lowered retail commissions for U.S. stock and exchange-traded funds trades.

Copyright RTT News/dpa-AFX


                                                                                                                        

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