S&P Boosts Its View on Financial Stocks (BusinessWeek Online)

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S&P Boosts Its View on Financial Stocks
    (BusinessWeek Online)

 

BusinessWeek Online - On Apr. 2, Standard & Poor's Equity Strategy Group upgraded its recommended weighting of the Financials sector to market weight, from underweight, based on what we view as an improving technical and fundamental outlook. Year to date through Apr. 3, the S&P Financials index, which represented 17.4% of the S&P 500-stock index, was down 7.7%, compared with a 6.5% decline for the S&P 500.


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