Banks Shake Off Terror Threat

Wall Street shrugged off the federal government's latest terror warning Monday, with most financial services stocks showing only muted losses in early trading.

One day after the government warned that al Qaeda may be targeting banks and monetary institutions in New York, Washington and Newark, N.J., the action in the stock market was calm, with most of the selling occurring in tech shares. The Dow Jones Industrial Average was virtually unchanged at 10,138.

Financial stocks were little moved, despite the government's warning that terrorists are setting their sights on buildings owned by Citigroup(C Quote) and Prudential Financial(PRU Quote), as well as the New York Stock Exchange and the International Money Fund in Washington. The Philadelphia Bank Index was down a half-percent, while the Amex Broker Dealer Index fell a little under 1%. ...