Security News Highlights 06/26/2014

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Share This:By Ben Levisohn ( Bloomberg) Stocks are falling today after St. Louis Fed president James Bullard said that the first rate hike could come as early as the first quarter of 2015. Bank like Morgan Stanley (MS), Goldman Sachs (GS), JPMorgan Chase (JPM) and Citigroup (C) have fallen. The S&P 500 has dropped 0.5% to 1,950.72, while the Dow Jones Industrial Averagehas fallen 0.5% to 16,786.50. The Nasdaq Composite has declined 0.4% to 4,361.83, while the small-company Russell 2000 is off 0.5% at 1,177.26 Under normal conditions, financials should be gaining if the Fed were to start hiking rates sooner. Instead, financials are the worst performing sector today. Banks are getting hit after New York Attorney

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