Last Friday news of the proposed bailout helped drive the Dow Jones Stoxx 600 to its steepest one-day gain, but European financial stocks soon soured even when their U.S. counterparts rallied. In midafternoon trading Tuesday, the Dow Jones Stoxx was down 1.22%, but the financial index fell twice as much, down 3.02%.
Société Générale SA, France's No. 3 bank by assets, fell 4%, and shares in Barclay's plc, which snatched Lehman's North American investment bank and brokerage assets out of bankruptcy, fell 4%. - Barbara Rudolph
