Shares of State Street Corp. STT slid 7.03% to $80.43 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.36% to 4,185.47 and the Dow Jones Industrial Average DJIA rising 0.48% to 34,200.67. This was the stock's second consecutive day of losses. State Street Corp. closed $7.46 short of its 52-week high ($87.89), which the company achieved on March 18th.
The stock underperformed when compared to some of its competitors Friday, as JPMorgan Chase & Co. JPM rose 0.74% to $153.30, Bank of America Corp. BAC rose 1.06% to $39.15, and Citigroup Inc. C fell 0.12% to $72.45. Trading volume (5.7 M) eclipsed its 50-day average volume of 2.9 M.