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) ended the day down by a two cents to $16.27. Morgan Stanley ( MS) 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) 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 Shares were down 10 cents at $4.38 after the bank rescinded CEO Donald Foley's $1.75 million signing bonus and instead increased his salary by a very generous 25%.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) 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) equity analyst Jay Gelb, says the stock is still not necessarily a buy. BlackRock ( BLK) 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. To contact the writer of this article, click here: Maria Woehr. To follow the writer on Twitter, go to http://twitter.com/newsgirlmw. To submit a news tip, send an email to: email@example.com.