Dow dow 200 and S&P testing the 1070 range, down 25 points... banks beat forecast but future looks weaker.

I  previously said that the financials and tech would likely lead the market.
Today we have both sectors weaker.
Google is down $27 or over 5% after missing analysts estimates for Q2.
Citigroup is down 4% and Bank of America is down about 8%. Both beat forecast but are showing a weaker future. The financial reform bill which will be passed next week has Wall Street worried on how these businesses will be affected. Nancy Bush, analyst at NAB Research said  "It's going to be this way for the next several years. It's an extremely tough environment."