The market is trading lower in early trading, after some very weak results were reported in the financial sector.Bank of America (BAC) said profits plunged -32%, while ETrade (ETFC) and Wamu (WM) both reported weak results as well. All three of those stocks are trading lower, and weighing on the financial sector overall.Considering financials are the biggest component of the S&P 500, this is acting as a drag on the overall market as well. It also doesn’t help that oil is up again, trading near[...]
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[Source: The Money Blogs]
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