Tuesday, April 13, 2010

MIDDAY LUNCH

Dow 10992.44  -13.53, Nasdaq 2452.76  -5.11, S&P 1191.69  -4.79 

Regional banks are trading lower today down- 2.5%, after UBS downgraded to Sell shares of Huntington Banc (HBAN) 5.63, -0.40, KeyCorp (KEY) 7.95, -0.39, and Regions Financial (RF) 8.40, -0.34.  Additionally diversified banks are also trading lower down -1.7%.

Losses today are broad based but are now trading off the session lows.  The dollar is stronger today up +0.1% and oil is lower down -1.6% to $83.00 per barrel.

Overall, stocks are lower today due to the stronger dollar and Alcoa (AA) earnings report.


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