Tuesday, November 23, 2010

Financials drop as insider-trading details emerge

Dow closed 0.22 % negative

 U.S. financial stocks fell Monday, with losses exacerbated by details developing around a large insider-trading inquiry.
The financial sector’s decline outpaced broader losses on Wall Street tied to concerns about debt issues in Europe. While investors were relieved that there appears to be a final resolution to Ireland getting a bailout, they remained fearful that the weak banking system there could mean losses ahead on sector investments.

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:11,178.58
Trade Time:4:02PM EST
Change:Down 24.97 (0.22%)
Prev Close:11,203.55
Open:11,201.66
Day's Range:11,054.53 -11,206.05
52wk Range:9,596.04 -11,505.80

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