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MW: Banks lead financial sector pullback
 
By Greg Morcroft
NEW YORK (MarketWatch) -- The bloom came off the rose in the U.S. financial sector on Monday as banks led decliners following word of declining factory activity in the New York Fed's region. Continuing anti-U.S. rioting and disturbances in the Mideast and escalating tensions between Japan and China also weighed. The Financial Select Sector SPDR ETF XLF -0.43% , which tracks the financial stocks in the S&P 500 SPX -0.25% , fell0.1%. In the Dow Jones Industrial Average DJIA -0.19% , Bank of America Corp. BAC -1.99% fell 0.7%, J.P. Morgan Chase & Co. JPM -1.14% shed 0.5%, American Express Co. AXP -0.10% shares fell 0.1%, and Travelers Cos. TRV +0.09% added a fraction.
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