Sector Update: Financial

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Financial stocks are little changed, with the NYSE Financial Sector Index slipping less than 0.1% while the S&P Financial 100 Index is up less than 0.1%.

In company news, Nasdaq OMX ( NDAQ ) is narrowly higher at $35.81 a share, rising about 0.25% after trading for some Nasdaq-listed index securities were temporarily halted this afternoon after the securities exchange's Global Index Data Service was disrupted. Normal operations resumed at 12.37 pm EDT. The glitch affected two of the market's more closely watched indices - the Nasdaq 100 and the Nasdaq Composite - forcing a brief shutdown in trading of securities linked to those indices.

NDAQ's Philadelphia-based PHLX options exchange halted trading in options tied to the Nasdaq 100 at 12:06 p.m. Eastern, according to a trader alert. The options exchange also halted trading in options tied to other Nasdaq indexes, including the PHLX Oil Service Sector and PHLX Semiconductor indexes.

NDAQ officials said they were investigating the issue, adding no equity exchange operations were affected by the shutdown.

In other sector news,

(+) HIG, (+0.6%) Q3 core earnings of $1.03 per share beats by $0.20 per share. Consolidated revenue climbs just 0.3% year over year to $5.64 bln but easily surpasses consensus view looking for $4.87 bln in revenue.

(-) CLNY, (-3.1%) Announces plans to sell 10 mln shares of its common stock, with proceeds tabbed for paying down revolving credit facilities and the purchase of "target assets in a manner consistent with its investment strategies."



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: NDAQ

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