) -- Financial shares declined in early afternoon trading after a report revealed that home sales were up but prices continued to decline.

The Financial Select Sector SPDR

(XLF) - Get Report

fell 25 cents to $16.41, leaving few winners in the financial sector.

Shares of

NYSE Euronext


struggled to stay in the green on news that the



may launch a bid for the exchange. Nasdaq is apparently thinking of partnering up with the


(ICE) - Get Report

or the

Chicago Mercantile Exchange

(CME) - Get Report

to outbid Deutsche Boerse for the equity exchange. The NYSE's stock was up a cent, at $36.66, and Nasdaq shares were down 19 cents at $27.81.


(BCS) - Get Report

shares were also struggling to stay in the green after a bankruptcy judge threw out a lawsuit by

trustees for Lehman Brothers Holdings

that argued they were owed $11 billion from Barclays' purchase of the defunct firm's brokerage arm. Shares were down two cents at $20.48.

Morgan Stanley

(MS) - Get Report

shares were down 25 cents at $29.29 after the bank announced it

hired former U.S. Congressman Harold Ford, Jr.

as a managing director and senior client relationship manager.

Bank of America

(BAC) - Get Report

shares were down 16 cents at $14.02,



(C) - Get Report

shares were down eight cents at $4.61 and

Wells Fargo


(WFC) - Get Report

shares were down 13 cents at $31.26.

--Written by Maria Woehr in New York.

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Maria Woehr


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