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December 19, 2008 at 10:36 AM EST
Sector surrenders early gains, S&P cuts hit
U.S. financial stocks surrender short-lived opening gains as investors digest a wide ranging banking sector credit downgrade from Standard & Poorâs, which paints a bleak short term outlook for the financially strapped industry worldwide.
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Bank of America Corp.
Barclays PLC ADS
Credit Suisse Group ADS
Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
M&T Bank Corp.
Royal Bank of Scotland Group PLC ADS
Select Sector SPDR-Financial
Wells Fargo & Co.
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