The Dow pulled off a gain in yesterday's session as Goldman Sachs shares turned positive, taking much of the banking sector with them. The selling pressure from Friday had carried over into the start of trading, with the CBOE volatility index climbing to nearly 20.
But things turned around in the final hour of trading, with the Dow, VIX and shares of Goldman Sachs recovering following news that the SEC decision to press on with charges of fraud against Goldman Sachs was only secured with a 3-to-2 vote, which suggested that the case might not be so strong.
