The paper cited Lehman Brothers (LEH Quote) and Morgan Stanley (MS Quote) as among those hurt by that tactic. Shares of the firms plunged 17.3% and 11.4%, respectively.
The Financial Select Sector SPDR (XLF Quote) lost 6.7% since Monday; Ultra Financials ProShares (UYG Quote) tumbled 10.9%; Vanguard Financials ETF (VFH Quote) shed 5.3%; and iShares Dow Jones U.S. Financial (IYF Quote) was off 5.5%. Among suffering individual names, Dow financial components Citigroup (C Quote), Bank of America (BAC Quote), and JPMorgan Chase (JPM Quote), slid at least 6.2% apiece. On the lonely upside were gold-related ETFs, which gained ground for the week as futures on the metal glided higher by nearly 3% on a weakening U.S. dollar. The iShares COMEX Gold Trust (IAU Quote) and the SPDR Gold Trust (GLD Quote) have risen 2.4% over the past five sessions, and Market Vectors Gold Miners ETF (GDX Quote) is better by 0.9%.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |














