• Dow -1.36 at 11357.72, Nasdaq +7.11 at 2605.59, S&P +1.82 at 1225.60

Market news

8 December 2010

Dow -1.36 at 11357.72, Nasdaq +7.11 at 2605.59, S&P +1.82 at 1225.60

Financials have sprinted ahead to a 1.3% gain, which puts the sector at a session high while the broader market has mustered only a modest gain. Insurers Lincoln National (LNC 27.24, +1.90) and MetLife (MET 42.90, +1.73) are primary leaders among financial plays. Not to be outdone, regional banks are broadly positive, such that the SPDR regional bank ETF (KRE 24.68, +0.51) is up more than 2% to test its one-month high. As an aside, banking issue U.S. Bancorp (USB 24.85, +0.48) stated this morning at the Goldman Sachs Financial Service Conference that it will continue to be an acquirer and that dividends and share buybacks will start again very shortly.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.