NEW YORK (

TheStreet

) -- Financial stocks stumbled on Tuesday as the

Dow Jones Industrial Average

(DJI)

rose after

Federal Reserve

's December policy meeting on the $600 billion bond-buying program and revising QE2.

The

Financial Select Sector SPDR

(XLF) - Get Report

ended the day down by a two cents to $16.27.

Morgan Stanley

(MS) - Get Report

shares were up 24 cents at $28.47 on

news that executive Jim Rosenthal

was promoted to chief operating officer. Rosenthal spearheaded the integration of Smith Barney.

Citigroup

(C) - Get Report

shares struggled to stay even at $4.90 as

CEO Vikram Pandit

and several other senior level executives were named by regulators in India in relation to a $67 million fraud case at one local branch. In addition six top Citigroup executives

sold more than $1 million

worth of their common stock holdings before year-end and were granted new stock worth $3.1 million as part of their insider-trading plans, according to regulatory filings.

Losers on Tuesday included

Wilmington Trust

(WL)

. Shares were down 10 cents at $4.38 after the bank

rescinded

CEO Donald Foley's $1.75 million signing bonus and instead increased his salary by a very generous 25%.

Warren Buffett's

Berkshire Hathaway

(BRK.B) - Get Report

was also down 24 cents at $80.17 even though it may have seen a 43% increase in operating earnings last quarter. That's because

Barclays

(BCS) - Get Report

equity analyst Jay Gelb, says the stock is still not necessarily

a buy

.

BlackRock

(BLK) - Get Report

shares ended the day down 15 cents at $190.04. Chief equity strategist

Bob Doll is predicting

double digit growth in the equity markets in 2011.

--Written by Maria Woehr in New York.

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Maria Woehr

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