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Updated from 12:01 p.m. ET
Financial stocks were mixed in trading Monday, as investors awaited additional news of a government bailout for the sector.
Treasury Secretary Timothy Geithner is expected to reveal on Tuesday a retooling of federal efforts to shore up the banking system. Reports indicate that the government is considering creation of an "aggregator bank" that would buy banks' bad assets and other initiatives to help homeowners. Also at issue Monday is speculation about reform of mark-to-market accounting practices, which value assets according to their purchase price.
The KBW Bank Index was rising 2.2% to 31.04, and the Financial Select Sector SPDR (XLF Quote) ETF was gaining 1.3% to $9.92. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,337.05 | 1,095.94 | 2,183.73 | 34.23 |
Oil *
72.45
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UP
51.08
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4.01
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10.74
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0.31
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SPDR Gold
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+0.50%
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+0.49%
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+0.91%
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