Banks stocks fell further than the overall market yet again Thursday, as concerns about negative interest rates, the energy sector and other matters showed no signs of abating.

The KBW Nasdaq Bank Index closed at 56.51, down 4.18% from the previous day and 29.32% from the end of 2015. The index hit its lowest point since April 2013. Meanwhile, the S&P 500 dropped 1.23% during the day’s trading, closing at 1,829.08.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.