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Updated from 11:30 a.m. EDT
As has been the case for several weeks and likely will be for many more, the story in the financial sector continued to be the uncertainty surrounding mortgage banking and access to credit.
The Nasdaq Financial 100 was up 1.1%, and the NYSE Financial Sector Index was up 0.3%. The S&P 500 Financial Sector Index was up 0.5%.
Among individual stocks, Capital One (COF Quote) was gaining 2.6% to $68.47 a day after the McLean, Va., lender cut its outlook and revealed plans to close its mortgage division. ...
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