S&P 500 Financial Sector Update 6/9/11

The Financial Sector is one of the strongest areas of the S&P 500 in today's session, currently trading up 1.3% from yesterday's close. Today's best performing stocks in that sector are: 1) Moody's MCO: Shares of Moody's are currently trading up 3.5% from yesterday's close to $40.80. The stock set a new 52-week high of $40.86 in today's action. The year-to-date performance of Moody's has been a gain of 54.9%. 2) Wells Fargo & Company WFC: Shares of Wells Fargo & Company are currently trading up 3.1% from yesterday's close to $26.14. The stock has lost 7.8% over the past seven trading sessions. Wells Fargo's 50-day simple moving average appears to be looking to break below its 200-day simple moving average (one year daily chart), which is considered to be a bearish development (Death Cross indicator). 3) American International Group AIG: Shares of American International Group are currently trading up 3% from yesterday's close to $28.13. The stock has lost 46.6% since setting a 52-week high of $52.67 on January 7th. 4) Nasdaq OMX Group NDAQ: Shares of Nasdaq OMX Group are currently trading up 3% from yesterday's close to $24.11. The stock broke above its 200-day simple moving average (one year daily chart) in today's action. 5) Morgan Stanley MS: Shares of Morgan Stanley are currently trading up 2.8% from yesterday's close to $22.54. The stock set a 52-week low of $21.88 earlier in the session. Shares have lost 14% since the beginning of May. Today's worst performing stocks in the sector are: 1) Boston Properties BXP: Shares of Boston Properties are currently trading down 1.3% from yesterday's close to $103.13. 2) Kimco Realty KIM: Shares of Kimco Realty are currently trading down 1% from yesterday's close to $17.93. 3) HCP HCP: Shares of HCP are currently trading down 1% from yesterday's close to $36.10. 4) Equity Residential EQR: Shares of Equity Residential are currently trading down 1% from yesterday's close to $60.35. 5) Simon Property Group SPG: Shares of Simon Property Group are currently trading down 0.9% from yesterday's close to $113.91.