Financial Stocks Rise; Citigroup Swapped Out Of Dow | WHAT REALLY HAPPENED

Financial Stocks Rise; Citigroup Swapped Out Of Dow

U.S. financial stocks rose in early trade Monday as markets focused on General Motors Corp. (GM) formally filing for bankruptcy and a shakeup in the financial-sector composition of the Dow Jones Industrial Average.

Webmaster's Commentary: 

So all the spin aside, the real reason for today's 200 point rise is that down-trending Citi has been removed from the list of indicators and Traveler's, which is performing better, put in its place.

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