NEW YORK, Oct. 26, 2009 (Xinhua News Agency) -- Wall Street pared early gains and traded mixed Monday, as energy shares were off the best level and financials lost ground.
Exxon Mobil Corp. reined in gains after climbing nearly 2 percent as the dollar reached a 14-month low versus the euro in early trading, helping crude oil snap a two-day losing streak.
Banks fell more than 1 percent collectively, the steepest decline in the S&P 500 among 24 industries, after analyst Dick Bove downgraded Fifth Third Bancorp (NASDAQ:FITB) , SunTrust Banks Inc. (NYSE:STI) and U.S. Bancorp. (NYSE:USB)
Microsoft Corp. rose and helped tech stocks as JPMorgan Chase (NYSE:JPM) raised its share price estimate after the largest software maker beat profit forecast last week.
The Dow Jones fell 37.56 to 9,934.62. Broader indexes went mixed. The Standard & Poor's 500 index slipped 4.96 to 1,074.64 and the Nasdaq rose 0.96 to 2,155.43.
