Updated from 1:13 p.m. ET
Financial stocks experienced mixed and wild trading Thursday, as uncertainty about the government's handling of the bailout package rattled the sector.
The KBW Bank Index gained 1.8% to 27.13, and the Financial Select Sector SPDR (XLF Quote) ETF was edging up 1.6% at $9.11.
The relatively modest moves in the sector indices belied broader moves among the space's big names, nearly all of which are participants in the Treasury Department's Troubled Asset Relief Program, which has provided cash injections to firms in exchange for preferred equity stakes. The Obama administration on Wednesday announced it would attach pay caps for executives to the deployment of additional capital, a sign that additional bailouts will not come as easily under the new president. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet