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Wall Street Roundup: Bearey bad. Leaving banks behind.

June 1, 2011 |  8:14 am

Bear - national geo Gold: Trading now at $1,537 per ounce, up 0.1% from Tuesday. Dow Jones industrial average: Trading now at 12,429.06, down 1.1% from Tuesday.

Bearey bad. Wednesday's weak manufacturing numbers are only the latest piece of data pushing more people into the ranks of the bears.  

Leaving banks behind. After providing big returns coming out of the financial crisis, the smart money at hedge funds is moving out of bank stocks.

Yet another trial. The latest insider-trading trial -- this one focused on one of the expert networks accused of providing hedge funds with inside information -- begins Wednesday.

-- Nathaniel Popper in New York

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Tom Petruno: Bankers' image as pariahs leaves stocks with few friends

Photo credit: National Geographic

 

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