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Shares of Goldman Sachs Group Inc.
GS -7.46%
extended its Monday sale, to fall by 7.3% in afternoon trading in order to place it on the nearest close since November 16, 2016. The stock was also on the bottom of decline the largest in a day since its 7.4% fall on November 9, The sale comes after the shares fell 3.9% Friday, after Bloomberg announced that the former Goldman general manager, Lloyd Blankfein , was an unidentified senior official cited in US court documents. He had attended a meeting in 2009 with former Malaysian Prime Minister Najib Razak the 1MDB scandal. The 10.9% drop in shares over two days would be the worst since it collapsed by 11.4% over the two sessions ending April 19, 2010. Shares have now lost 10, 1% in the last three sessions, while the SPDR Financial Select Sector SPDR ETF
XLF, -1.99%
lost 4.6% and the Dow Jones Industrial Average
DJIA, -2.32%
gained 0.7%.
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