Stocks lose steam, finish little changed

Financial stocks were mixed after federal regulators made their biggest bank seizure in the year to date as investors tried to figure out how many more failures might be coming. Credit card issuers mainly fell as President Obama signed into law new rules for the credit card industry.

Federal officials late Thursday seized Florida thrift BankUnited FSB in a move that is expected to cost the Federal Deposit Insurance Corp.'s insurance fund $4.9 billion. It's the costliest hit since last year's seizure of California lender IndyMac Bank that is estimated to have cost $10.7 billion.

Bank of America fell 34 cents, or 3%, to $11.07, while Capital One Financial fell $1.01, or 4.4%, to $21.92. American Express fell 75 cents, or 3.1%, to $23.40.

Among retailers, Sears Holdings turned in an unexpected profit for its fiscal first quarter, rebounding from a loss a year earlier, as the retailer worked to manage inventory. The stock jumped $5.21, or 10.4%, to $55.40.

In other trading, the Russell 2000 index of smaller companies fell 3.60, or 0.8%, to 477.62.

Markets will be closed on Monday for the Memorial Day holiday.

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