Market Wrap-Up

A trading day that started encouragingly as a rebound from last week s 485-point slide was derailed on news that Citigroup (C) sought additional government help through a conversion of preferred shares to common stock to improve its tangible common equity. That was followed by afternoon reports that insurance giant AIG (AIG) would next Monday likely post a $60 billion loss, the largest in U.S. corporate history. The news underscored the size and apparently endless scope of the financial crisis, shattering investor confidence. AIG, which has twice sought financial help from the government, said it was seeking more aid. The Dow Jones Industrial Average shed 250 points Monday to close at 7114, a low not seen since 1997.

Winners

Safe havens drew investors Monday, pushing the iShares Barclays 20+ Year Treasury Bond fund (TLT) up 0.9%.

The United States Natural Gas fund (UNG) finished up 1.4% as natural gas prices held steady.

Losers

There were plenty of funds that finished Monday in the red. News from AIG drove investors away from insurers, knocking the SPDR KBW Insurance fund (KIE) down 5%. Falling oil prices hit natural resources funds. The Rydex S&P Equal Weight Energy ETF (RYE) was knocked down 10.1%. The ProShares Ultra Oil & Gas fund (DIG) slipped 8.8%.

Tuesday's Notebook

Earnings and Conference Calls
Applied Signal Technology, Astec Industries, Atlas Air, Balchem, Boise, Cardtronics, Chicago Bridge & Iron, Domino s, DreamWorks Animation SKG, Dresser-Rand, Dycom Industries, Entercom Communications, FirstSolar, Fresh Del Monte Produce, H.J. Heinz, Heidrick and Struggles International, Herbalife, Home Depot, Kendle, Macy s, Marvel Entertainment, Office Depot, Papa John s International. RadioShack, the St. Joe Company, Steven Madden, Target, Taser, Thomson Reuters, Versant, World Wrestling Entertainment, Wynn Resorts

Economic Data
7:45 a.m. ICSC Chain Store Sales Index
8:55 a.m. Redbook Retail Sales Index
9:00 a.m. Dec. S&P/Case Schiller Home Price Index
10:00 a.m. Feb. Richmond Fed Manufacturing Survey
10:00 a.m. Feb. Conference Board Consumer Confidence
4:30 p.m. API Oil Industry Report
5:00 p.m. ABC/Washington Post Consumer Confidence

Quick Take

A look at how the industry's most popular ETFs did on Monday.