Wall Street: Bank shares retreat over pace of regulatory change
The Dow Jones and S&P 500 indexes dipped on Monday, with bank shares coming under pressure.
Doubts about Washington's ability to push through financial de-regulation weighed on banks, with Goldman Sachs and JP Morgan both down more than 0.7%.
Scandal-hit bank Wells Fargo also fell, ending 1.8% down after it disclosed a big fall in credit cards applications.
Caterpillar jumped 2.7% after disclosing that machine sales in Asia-Pacific jumped 39% over the last three months compared with the year-ago period. Worldwide machine sales dropped 1% over that period.
Advanced Micro Devices jumped 6.8% after a note from Jefferies investment bank lifted its sales estimate for the company in anticipation of new product launch.