Updated closing market conditions and stock prices throughout.
Financial stocks finished Monday mostly higher, clawing their way back with the wider market after an earlier selloff, but a few big names closed in the red.
Concerns about the economy sent stocks lower ahead of the long holiday weekend on Thursday and as second-quarter earnings season approaches, investors remained negative for much of Monday morning. But the NYSE Financial Sector Index, like the Dow Jones Industrial Average, fought back and closed up 26 points to 3804.
Bank of America (BAC Quote) bucked the trend, falling 3.9% to $12.15 after a Credit Suisse analyst expressed concern about it's loan book. Analyst Moshe Orenbuche wrote that he expected charge-offs of $7.6 billion for the second quarter, up from $6.9 billion in the previous quarter. Orenbuch said another $1.9 billion is expected in home equity losses. , despite claiming the top position among global asset managers in a new survey by a U.K. market research firm. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.73 |
Oil *
78.74
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18.90
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UP
0.38
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UP
9.22
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UP
0.50
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10 Yr
3.37%
SPDR Gold
119.18
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-0.18%
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+0.03%
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+0.42%
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+1.50%
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