Email| Dow | 10967.57 | +27.62 | (0.25%) |
| Nasdaq | 2474.84 | +14.33 | (0.58%) |
| SP 500 | 1148.93 | +4.89 | (0.43%) |
| 10-yr Note | -30/32 | 2.00% | |
| NYSE | Adv 2110 | Dec 710 | Vol 215 mln |
| Nasdaq | Adv 1360 | Dec 875 | Vol 545 mln |
| Strong: computer and electronics retail; home improvement retail; hypermarkets and super centers; tobacco; health care facilities; semiconductors |
| Weak: wireless telecom; diversified financial services; investment banks and brokerages; regional banks; mortgage lenders and thrifts; life and health insurance; building products |
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Financials falter
Job gains for September exceed expectations; prior months see substantial upward revisions Moody's downgrades multiple UK banks and financial institutions Fitch downgrades Italy and Spain |
[BRIEFING.COM] Action in the past hour of trade has seen stocks rebound from their morning retreat. The major equity averages are now up with varied gains.
The market's bounce has come with help from the financial sector, which tumbled to a loss well in excess of 1% this morning, but has since rallied to a 0.8% gain. The move has been led by large-cap banking and financial services giants like Bank of America (BAC 5.98, +0.21) and Citigroup (C 25.64, +0.93).
For the second straight session, though, materials stocks are out in front. The sector has already run ahead to a 1.5% gain. The move comes coincides with a bounce by commodities, which are collectively up 0.8%, as measured by the CRB Commodity Index.
