5.48%XLF 13.75 
0.44%QQQQ 29.59 6.12%
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NEW YORK - Diversified financial-services stocks dropped Friday morning as speculation about a government bailout of Fannie Mae and Freddie Mac escalated, driving shares of those mortgage companies down more than 40 percent.
Oil prices also continued to rise, climbing to record levels past $147 a barrel.
Bucking the trend, Citigroup Inc. shares gained modestly after the company said it will sell its German retail banking operation to France's Credit Mutuel for $7.7 billion.
How shares of some key diversified financial companies fared Friday morning:
Citigroup, up 3 cents to $16.31.
JPMorgan Chase & Co., down 89 cents, or 2.5 percent, to $33.62.
CIT Group Inc., down 35 cents, or 4.8 percent, to $6.97.
Bank of America Corp., down 60 cents, or 2.7 percent, to $21.76.
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