US Stock Market Move | Bank stocks fell, Goldman Sachs Group, Inc. (GS.US) dropped more than 3%.

On Friday, bank stocks fell. As of press time, Goldman Sachs Group, Inc. (GS.US) fell more than 3%, marking the largest intraday drop in two months; JPMorgan Chase (JPM.US) fell more than 1.3%, Morgan Stanley (MS.US) fell more than 1.6%, Bank of America Corp (BAC.US) and Citigroup (C.US) fell by more than 1%. In terms of news, President Trump sued JPMorgan Chase and its CEO Dimon, accusing the largest bank in the United States of illegally "de-banking" his business because of its political position, and putting it on a industry "blacklist", preventing it from obtaining services from other lending institutions.