Financial stocks took a broad beating Tuesday, as Treasury yields dropped amid growing concerns that U.S.-China trade talks could break down before they get started. The SPDR Financial Select Sector ETF XLF, -1.98% shed 1.8% in morning trading, and was the weakest ETF tracking the S&P 500’s SPX, -1.56% 11 key sectors, with all 67 components trading lower. Among the most active members, shares of Bank of America Corp. BAC, -2.40% sank 2.3%, Citigroup Inc. C, -2.57% shed 2.6%, J.P. Morgan Chase & Co. JPM, -2.23% gave up 2.1%, Wells Fargo & Co. WFC, -2.03% slid 1.9% and Charles Schwab Corp. SCHW, -0.62% declined 1.3%. Meanwhile, the yield on the 10-year Treasury note TMUBMUSD10Y, -1.91% fell 4.1 basis points to a 5-week low of 1.514%,

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