NEW YORK (
) -- 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
fell 25 cents to $16.41, leaving few winners in the financial sector.
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
Chicago Mercantile Exchange
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.
shares were also struggling to stay in the green after a bankruptcy judge threw out a lawsuit by
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.
shares were down 25 cents at $29.29 after the bank announced it
as a managing director and senior client relationship manager.
Bank of America
shares were down 16 cents at $14.02,
shares were down eight cents at $4.61 and
shares were down 13 cents at $31.26.
--Written by Maria Woehr in New York.
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