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Financials Rise Despite Sluggish Insurance Sector
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Copyright 2009 MarketWatch.com Inc.All Rights Reserved MarketWatch
November 5, 2009 Thursday 10:04 AM EST
SECTION: NEWS & COMMENTARY; Markets; Financial Stocks
LENGTH: 109 words
HEADLINE: Financials rise despite sluggish insurance sector
BYLINE: Greg Morcroft, MarketWatch mailto:gmorcroft@marketwatch.com.
Greg Morcroft is MarketWatch's financial editor in New York.
NEW YORK (MarketWatch) -- U.S. financial stocks rose on Thursday as broad gains in most industries offset concentrated loss in the insurance sector.
Gainers included real estate management firm CB Richard Ellis (CBG) , CME Group Inc. (CME) , Plum Creek Timber (PCL) and Intercontinental Exchange (ICE) .
Shares of insurers MBIA Inc (MBI) , Allstate (ALL) , Prudential (PRU) and Hartford Financial (HIG) all fell.
The Financial Select Sector SPDR (XLF) , which tracks the financial stocks in the S&P 500, added 0.9% in early trade.
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LOAD-DATE: November 6, 2009
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