Sector Wrap Up - Brokers Declined: JEF, ETFC, GS

Published on Thursday, 12 January 2012 17:07 Written by Christopher Lynn

New York, January 12th (TradersHuddle.com) - The overall market traded higher with the S&P 500 adding 0.23%. Stocks of Broker / Dealers also traded higher, with NYSE Broker/Dealer index closing the session at $90.393, which represents 0.4% versus previous day close. The index , it had 7 out of 10 components trading higher.

Jefferies (NYSE:JEF) was the top performer of the sector today, closing at $15.42 representing 5.47% versus the previous trading session. Shares of Jefferies, the independent full service global securities services and investment banking firm, have defined support at $13.19 and resistance at $14.25.

E*TRADE (NASDAQ:ETFC) was also among the top performers, closed the trading session at $9.25 representing 2.55% from its previous close. E*TRADE, the online brokerage and financial services provider for individual retail investors has calculated support and resistance levels at $7.61 and $8.64 respectively. The other top performer was Goldman Sachs (NYSE:GS), which closed the trading session at $101.21 representing 1.45% from the previous session.

The sector's worst performers include Raymond James (NYSE:RJF) that closed the trading session at $32.96 or -3.57% from the previous close. Shares of Raymond James, the financial services provider for retail investors, corporations and municipalities have defined support at $28.72 and resistance at $33.05. Also among the worst performers was Nomura (NYSE:NMR), which closed the trading session at $3.26 representing -3.26% from the previous session.