NEW YORK (
initial public offering and positive economic data carried financial stocks upward Thursday.
The Financial Select Sector SPDR
closed up 20 cents at $14.86.
was the big winner of the day. Goldman ended the day up $2.46 at $167.35. The firm announced 110 new partners and 321 managing directors as part of its annual promotion.
shares closed up 11 cents at $4.30
American International Group
closed up 78 cents at $42.56. The insurer
its offer to exchange 74.5 million equity units until Tuesday evening as it prepares for a massive conversion of the U.S. Treasury Department's preferred stake.
There were some losers Thursday.
shares closed down 23 cents at $5.31 after Fitch Ratings lowered Regions ratings to BBB-.
Fifth Third Bancorp
was also a big loser Thursday, ending the day down 31 cents at $12.08.
--Written by Maria Woehr in New York.
To contact the writer of this article, click here:
To follow the writer on Twitter, go to
To submit a news tip, send an email to: