Big Banks Up; Dow Down 80

Troubled financials boosted by Bernanke comments, Treasury plan
By Nick McMaster,  Newser Staff
Posted Feb 25, 2009 3:17 PM CST
Traders work on the floor of the New York Stock Exchange today.   (AP Photo)
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(Newser) – Stocks suffered modest losses today, though prominent financial institutions gained, the Wall Street Journal reports. Details of the Treasury’s “stress tests” and comments from Ben Bernanke disavowing nationalization buoyed Citigroup, Bank of America and Wells Fargo—but another dismal home-sales report depressed the broader market. The Dow fell 80.05 to close at 7,270.89. The Nasdaq lost 16.40, closing at 1,425.43, and the S&P 500 dropped 8.24, settling at 764.90.