US STOCKS SNAPSHOT-Wall St cuts gains, financials off highs

NEW YORK, Sept 9 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) cut gains on
Thursday, drifting to session lows as a report that Deutsche
Bank was considering a share sale offset optimism over
better-than-expected economic data.

* Financial shares came off their highs as Bloomberg cited
sources saying Deutsche Bank (DBKGn.DE: ) (DB.N: ) has approached
investment banks to assess their interest in managing a stock
sale to raise as much as 9 billion euros ($11.4 billion).

* “We might have a little bit of risk aversion going on
since those Deutsche Bank headlines came out about the capital
raise, even though the Street seems to be confused about
whether it’s due to sovereign exposure or their take out of
Postbank,” said David Lutz, managing director of trading,
Stifel Nicolaus Capital Markets in Baltimore.

* The Dow Jones industrial average (.DJI: ) added 16.72
points, or 0.16 percent, to 10,403.73. The Standard & Poor’s
500 Index (.SPX: ) gained 4.45 points, or 0.40 percent, to
1,103.32. The Nasdaq Composite Index (.IXIC: ) rose 5.43 points,
or 0.24 percent, to 2,234.30.

(Reporting by Leah Schnurr; Editing by Kenneth Barry)

US STOCKS SNAPSHOT-Wall St cuts gains, financials off highs