BOSTON (MarketWatch) — Shares of NYSE Euronext Inc. fell for a second day Tuesday after rivals Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. withdrew their roughly $11 billion bid for the stock-exchange operator.
Shares of NYSE Euronext shed almost 4%.
Blue chips tumble on housing, H-P
Stocks fall as weaker-than-expected readings on housing and industrial production combine with a negative outlook from technology giant Hewlett-Packard.
Analysts at Argus downgraded NYSE Euronext shares to hold from buy.
“With Nasdaq /zigman2/quotes/205547889/composite NDAQ -2.36% and ICE /zigman2/quotes/209108507/composite ICE -1.96% out of the picture, it’s highly unlikely that another suitor for NYX will emerge; it’s also unlikely that Deutsche Boerse /zigman2/quotes/205502669/delayed DE:DB1 -1.38% /zigman2/quotes/203431168/delayed DBOEY -0.34% will increase its own offer,” the analysts wrote in their note.
Janus Capital Group Inc. , off almost 5%, was the steepest decliner among the financial stocks in the Standard & Poor’s 500 index /zigman2/quotes/210599714/realtime SPX -2.27% . On the upside, Wells Fargo & Co.’s /zigman2/quotes/203790192/composite WFC -5.61% shares added 2%.
In the broader financial sector, the Financial Select Sector SPDR exchange-traded fund /zigman2/quotes/209660484/composite XLF -3.32% , which tracks the financial stocks in the S&P 500, recovered from an early slump, inching up 0.2%.
Among the four financial stocks in the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% , Travelers Cos. /zigman2/quotes/206313935/composite TRV -3.34% , American Express Co. /zigman2/quotes/203805826/composite AXP -8.62% and Bank of America Corp. /zigman2/quotes/200894270/composite BAC -3.93% fell. Meanwhile, shares of J.P. Morgan Chase & Co. /zigman2/quotes/205971034/composite JPM -3.01% rose.