Sector Update: Financial Shares Lower in Week Two of Shutdown

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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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: APO , HBC

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As of 8/29/2014, 04:04 PM

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