Banks Fall Hard, Indexes Drop Again, Solar Companies Thrive

Stock indexes fell across the board today being led by weakness in the banking sector and climbing oil prices. The DJIA closed down -45.35 to 11055.19. the Nasdaq gave back another -26.21 ending at 2212.87 and the S&P 500 fell -11.19 to 1228.30.

Washington Mutual (WM | Quote | Chart | News | PowerRating) led the financial sector lower, falling hard on stability fears and mortgage concerns giving back over 35% or $1.74 to $3.21/share.

Canadian Solar (CSIQ | Quote | Chart | News | PowerRating) the Chinese solar cell, alternative energy company jumped 18.46% or $5.98 to $38.38/share due to increased revenue estimates.

Macys (M | Quote | Chart | News | PowerRating) - The department store chain bounced nicely, adding 4.36% or $0.68 to $16.26 on an analyst upgrade.

Walter Industries (WLT | Quote | Chart | News | PowerRating) climbed 6.36% or $5.64 to $94.37/share as the coal producer won new contracts and was upgraded by analysts.

Oil climbed .07 ending the session at $145.15/barrel, gold climbed $13.10 to $973.70/oz and the VIX added 3.60% to 28.48.