Bank stocks tumble into bear market territory as anxious stock market awaits their earnings reports


CNBC—It is traditionally a weak quarter for banks, but rising rates and worries over trade tariffs are adding pressure to expectations.

Italy's stocks are in bear market territory as the global market rout reignites budget crisis fears. Italian stocks enter bear market as global sell-off adds to domestic economic pressures in the country. The benchmark FTSE MIB index was down 20.1% from its recent high on Thursday morning, marking bear territory. Italy's budget crisis has been a major driver of recent weakness, with the country's government clashing with the EU over proposed spending. You can follow Italian stocks at Markets Insider. Italian stocks briefly entered a bear market on Thursday as the sell-off gripping global...