Lehman Brothers leads financials lower at open

NEW YORK (MarketWatch) — Lehman Brothers led financial sector stocks lower
Tuesday at the open, as reports intensified that the New York investment bank is
busy hawking its asset management unit Neuberger Berman. Lehman shares dropped
6.3%, followed by insurer American International Group whose shares fell 4.6%.
After plummeting the previous day, Fannie Mae and Freddie Mac clawed back gains,
as their shares gained 3.7% and 5.7% respectively at the open. The Financial
Select Sector SPDR , an ETF that tracks financials in the S&P 500, lost 1.5%,
while the Amex Securities Broker/Dealer Index also lost 0.7% at the open.

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