Afternoon Markets: Financials boost Dow

Financials are pushing the Dow Jones up in early trading with the index gaining 46.36 points or 0.55%...

Financials are pushing the Dow Jones up in early trading with the index gaining 46.36 points or 0.55% to 8457.01. Bank of America and Citigroup are both up, indicating investors do not expect the results from Obama's bank stress tests to be worryingly different from previous reports. Citigroup is up 6.95% to $3.54 while BoA is up 8.67% to $11.78. Shares in General Motors have taken a dive in early trading down 14.59% to $1.58 after news Fiat is in line to buy the beleaguered automaker. Hewlett-Packard is also down dropping 1.44% this morning to $36.27 despite JPMorgan Chase raising it...