<< Read Full Article
<< Read Full Article
Exchange-traded funds tracking financial names were among the worst decliners of a holiday-shortened week on Wall Street following more disappointing writedown news and several credit downgrades.
For the week, the iShares S&P Global Financials (IXG Quote) ETF eased 3% to $79.67. The iShares Broker-Dealers (IAI Quote) ETF slumped 1.6% to $50.81. The Financial Select Sector SPDR (XLF Quote) ETF lost 1.5% to $28.86.
On Wednesday, Goldman Sachs increased its writedown projections for Citigroup (C Quote), Merrill Lynch (MER Quote) and JPMorgan Chase (JPM Quote). The firm now expects a combined $33.6 billion in fourth-quarter writedowns to be announced. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet