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MAR 04, 2013 - MarketWatch

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Financial stocks up, budget talks stagnant

NEW YORK (MarketWatch) - Financial stocks were trading higher on Monday despite no progress over sequester cuts from Washington and budget talks looked to head for more roadblocks. The Financial Select Sector SPDR Fund , which tracks financial stocks in the S&P 500, was up slightly. Citigroup Inc. shares were up more than 1% as Chief Executive Mike Corbat gets ready to give a major presentation on Tuesday at the firm's financial services conference in Boston. Bank of America shares were up 1% in trading, but were down 1.50% for the year. Goldman Sachs and J.P. Morgan shares were up ... Read More

Tags: Financial stocks up, budget talks stagnant,  Morgan Stanley Latest News