After days of rallying, the market decided that bank stocks had gone much too far. With no first quarter earnings out, the fact is that the current quarter could still be tough. Financial shares could still reset lower. The market reacted accordingly.

The unofficial numbers for the day broke out like this:

Dow 7,278.38 -122.42 (-1.65%)
S&P 500 768.54 -15.50 (-1.98%)
Nasdaq 1,457.27 -26.21 (-1.77%)

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Continue reading Closing bell: End of bank rally brings the show down (AIG, EXPE, GM, MGM, XRX)

Closing bell: End of bank rally brings the show down (AIG, EXPE, GM, MGM, XRX) originally appeared on BloggingStocks on Fri, 20 Mar 2009 16:10:00 EST. Please see our terms for use of feeds.