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Updated from 2:59 p.m. EDT
Financial stocks struggled to find footing early Monday as the subprime crisis continued to cast a long shadow, though the sector gained some upward momentum along with the major indices come afternoon.
Broker Bear Stearns (BSC Quote) was heavily traded, slumping earlier in the day and then rising, after President and co-Chief Operating Officer Warren Spector was pushed out over the weekend in light of the company's recent subprime-mortgage-related hedge fund troubles. Shares closed up $5.46, or 5%, to $113.81.
The lately ravaged shares of American Home Mortgage Investment (AHM Quote) took another slide -- down 36.7% to 44 cents -- after the mortgage lender officially announced it has declared bankruptcy. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,416.33 | 1,107.23 | 2,193.98 | 34.44 |
Oil *
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