US stocks were near break even on Wednesday as strong demand for a $21 billion Treasury auction partly offset renewed worries over Greece's finances. The KBW bank index rose for a fifth straight session, up 0.5 percent, with Bank of America up 1.7 percent at $18.81.
Financial stocks also got a lift when Goldman Sachs raised its view on a host of regional banks, including KeyCorp, which was upgraded to "buy" from "neutral." KeyCorp shares rose 2.7 percent to $8.70. The Dow Jones industrial average dropped 21.53 points, or 0.20 percent, to 10,948.46. The Standard & Poor's 500 Index dipped 0.89 of a point, or 0.07 percent, to 1,188.55. The Nasdaq Composite Index rose 2.91 points, or 0.12 percent, to 2,439.72.
Comments
Comments are closed.