Sector Update: Financial Shares Lower in Week Two of Shutdown

By Staff,

Shutterstock photo

Top Financial Shares:

JPM: -1.01%

BAC: -0.93%

WFC: -0.85%

C: -1.00%

USB: flat

Financial shares are lower in today's pre-market session in the second week of a government shutdown has triggered more dire concerns about the economy.

In stocks news, Apollo ( APO ) is considering asking investors to increase the limit on its latest fund, the Apollo Investment Fund VII, from $15 billion to $20 billion Bloomberg reports citing two people familiar with the matter. APO is steady at $30.35.

And HSBC ( HBC ) is liable for about $1.5 billion in damages after a U.S. District Court judge ruled against its request to null a 2009 verdict in a fraud suit. HBC is down 1.3% at $54.05 in pre-market trade.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: APO , HBC

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by