Followingyesterday's positive close,bank and thrift stocks headed south during early trading on Thursday, Oct. 6,amid the latest jobless claims data.
The SNL U.S.Bank Index was down 0.32% to 421.23, and the SNL U.S. Thrift Index was down 0.57%to 824.48. Around midday, the Dow Jones Industrial Average declined 0.11% to18,260.15, the S&P 500 gained 0.05% to 2,160.78, and the Nasdaq compositeindex lost 0.10% to 5,310.64.
The LaborDepartment reported today that the advance figure for seasonally adjustedinitial claims for the week ended Oct. 1 was 249,000, down from last week'slevel of 254,000. The four-week moving average was 253,500, compared to the previousperiod's 256,000.
was up0.10% to $45.04, while JPMorganChase & Co., Bankof America Corp. and Citigroup Inc. were all down slightly.
's stock was up0.40% to $69.55 around midday. The Lafayette, La.-based company disclosed aftermarkets closed Wednesday that it invested $1.5 million in Liberty Financial Services Inc., which translates into aless than 5% stake in New Orleans-based Liberty.
In thethrift space, New York CommunityBancorp Inc. was down 0.42% to $14.09, fell 0.48% to$14.46, BofI HoldingInc. decreased 1.14% to $22.57.
Market prices and index values are current asof the time of publication and are subject to change.