Schwab, JPMorgan Financial Stocks Tumble Amid Rising Interest Rates

Financial stocks including Schwab and JPMorgan took a hit due to various factors. According to Investor's Business Daily, some of the reasons for this decline include concerns over rising interest rates, inflation, and market volatility. The article also mentions that these financials tumbled as investors became risk-averse.

The exact figures and prices affected are not specified in the source, but it is mentioned that they are part of a broader trend. Historically, investment performances do not guarantee future success or performance, and authors/presenters may own the stocks they discuss.