Financials Falter, but Industrials Rise

Last Update: 03-Nov-09 11:30 ET

Dow -60.84 at 9726.11, Nasdaq -12.53 at 2036.67, S&P -5.44 at 1037.75

[BRIEFING.COM] Financials have fallen back under another fit of selling pressure, but they remain above session lows. Still, the sector's 1.2% loss is worse than that of any other major sector.

Consumer finance stocks make up the worst performers in the financial sector. As a group, they are down 2.7%.  Multiline insurers are providing some balance, however. The group is up a rather impressive 0.8% as AIG (AIG 35.49, +1.17) and Genworth Financial (GNW 10.36, +0.19) find support.

Industrials continue to make up the best performing major sector, however. The sector is currently up 0.9% amid strength in rail stocks, which are collectively up 11.3% following a bid from Berkshire Hathaway (BRK.A 100,100.00, +1,350) for Burlington Northern Santa Fe (BNI 97.59, +21.52) for $100 per share in cash and stock.

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