Smaller banks fell harder, as Hope Bancorp dropped 67 cents, or 3.7 percent, to $17.48

By : RisingWorld

Published On: 2017-05-31

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01:43

Smaller banks fell harder, as Hope Bancorp dropped 67 cents, or 3.7 percent, to $17.48
and First Financial Bancorp sank 75 cents, or 2.9 percent to $25.05.
Technology companies continued to soar while airlines slumped as investors worried
that the government could expand a ban on laptops in passenger cabins during international flights, which could affect business travel.
E-commerce and payment services company First Data said it will buy payment processing
company CardConnect for $15 a share in cash, or about $468 million.
On Sunday, Homeland Security Secretary John Kelly said that ban might be expanded to all international flights to and from the U. S.
Delta Air Lines lost $1.74, or 3.4 percent, to $49.06 and United Continental slid $2, or 2.5 percent, to $79.25.
Brent crude, the international standard, fell 45 cents to $51.84 a barrel in London.
Atwood rose $1.96, or 24.3 percent, to $10.04 while U. K.-based Ensco lost 34 cents, or 5.1 percent, to $6.36.
Energy companies fell to their lowest prices in a year.

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