Financials mostly flat as Senate hashes out housing bailout

NEW YORK (MarketWatch) — Shares of major U.S. financial stocks traded flat Thursday morning as Senate lawmakers continued last minute talks on a deal that would expand a government program to insure hundreds of billions of dollars of mortgages. The Senate said Thursday morning that the Banking Committee hearing scheduled to begin at 10, was pushed back to 11:30. “We’re very close,” Senate Banking Committee Chairman Christopher Dodd (D., Conn.) said on Fox Business. “We’re very, very close.” The Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P 500, slipped less than 0.1%.
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