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Updated from 2:10 p.m. EDT
A dollop of negative analyst research Monday helped to drag on the financial sector, which generally traded under the broad indices.
Barclays (BCS Quote) was among the individual losers in that regard, sinking 3.9% after Bear Stearns cut the Britain-based bank to underperform. The analyst said that Barclays will likely join the crowded ranks of financial stocks feeling the sting of recent credit-market disruptions, given certain consistent negative trends in other big investment banks as revealed through fresh third-quarter results.
Barclays shares closed down $1.98 to $49.37 to weigh on the NYSE Financial Sector Index, which lost 69.65 points, or 0.8%, to 9149.98. ...
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