Early Monday Trading

Stocks are holding to their early gains though the financials lag in the early Monday trading. The Index (XLY) is now at $14.33, down 0.43%. S&P 500, on the olther hand is trading with handsome gains at 1,111.91, up 4.68 points.

Crude oil is having an 8-day straight loss at the stock exchange unlike the other commodities. U.S dollar also had a hit today after reaching its 2-month highs.

The news came rather interesting for Dubai's recent financial problems. Abu Dhabi's $10 billion dollar aid to Dubai will ease the immediate financial obligations to Dubai's creators. Though, this news doesn't seem to stop the selling-pressure on crude oil, still trading with losses at $69.57 a barrel, down 0.43%.

Meanwhile Citigroup (C) finally unveiled its plan to repay the TARP funds. Citigroup excepts to raise about $17 billion by cashing out some of its own stock. The announcement sent the shares of C down almost 5% to $3.76 a share. At this moment it has just found a support from its August-low of $3.70 a share.