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Each of the three major equity averages is up with a narrow gain in the early going, but financials continue to trail. This is the third straight session that the financial sector has lagged the broader market.
Although the financial sector is down a relatively tame 0.2% this morning, the sector continues to lack buying interest. Bank of America (BAC 13.43, -0.05) continues to be a burden in the wake of the Fed's decision earlier this week to deny the bank's proposal to distribute capital in the second half of 2011. Meanwhile, British banking play Barclays (BCS 18.67, -0.33) has been aggressively backed down following reports that the outfit is the target of a Libor probe
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