January-29 2009 Market Indices

Regional Bank HOLDRS (RKH)

Broker/Dealer Index (XBD

SPDR HOMEBUILDERS ET(PCX: XHB

The session started weak and ended the same. The Dow Jones Industrial Average (DJIA) closed at its worst levels of the day has it lost over 220 points. This more than erased yesterday's rally. The S&P 500 (SPX) and Nasdaq Composite (COMP) each lost over 3% while the Russell 2000 (RUT) dropped over 4%.

Earlier we saw that the streetTRACKS Gold (GLD) and Amex Gold Bugs Index (HUI) were the only gainers and that remained true into the close. The SPDR Homebuilders (XHB), Broker/Dealer Index (XBD), and Regional Bank HOLDRS (RKH) were the weakest groups with losses in excess of 6%.
http://www.amex.com/othProd/prodInf/OpPiIndMain.jsp?Product_Symbol=XBD