NEW YORK ( TheStreet) -- The markets ended the first week of the year on a down note as bank stocks took a hit from an adverse state court ruling on foreclosures.
The Dow Jones Industrial Average fell 22.55, or 0.19%, to 11,647.76, while the S&P 500 dropped 2.35, or 0.18%, to 1,271.50. The Nasdaq lost 6.72, or 0.25%, to 2,703.17.
Brian Kelly said on CNBC's "Fast Money" TV show said the foreclosure ruling handed down by a Massachusetts court is a big deal because it goes to the heart of commercial securitization and the transfer of assets that banks didn't own.
3 Stocks I Saw on TV
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