Updated from 4:23 p.m. EDTStocks in New York closed mixed Monday as an afternoon rally led by the financial sector pulled the market off its session lows and helped overcome the latest round of General Motors ( GM) bankruptcy angst. The Dow Jones Industrial Average, down more than 100 points earlier in the day, ended with a loss of 25.57 points, or 0.3%, to 8057.81, while the S&P 500 was up 2.17 points, or 0.3%, to 858.73. The Nasdaq rose 0.77 points, or 0.05%, to 1653.31. Financials propped up the major indices ahead of a string of bank earnings . Goldman Sachs ( GS), due to report before the open Tuesday, instead issued its numbers early. For the first quarter, the company had net revenue of $9.43 billion and earnings of $1.81 billion. Goldman also said it plans to sell $5 billion of stock to the public. Its shares added 4.7% in the regular session.
TheStreet.com Ratings, recently cited for Best Stock Selection from October 2007 through February 2009 , is an independent research provider that combines fundamental and technical analysis to offer investors tremendous value in volatile times. To see how your portfolio can use this research, click here now!