LONDON (ShareCast) - US stocks remain stuck in reverse, with concerns over the health of financial companies still lingering.

The Dow Jones 30 is down 81 at 11,336, while the S&P 500 sheds 7 points at 1,266. The NASDAQ Composite is 26 points lower at 2,362.

Citicorp has added to the banking sector’s woes with a report suggesting that Goldman Sachs, Lehman Brothers and Morgan Stanley could write down an aggregate $6.4bn in their third quarter results.

Meanwhile, Swiss bank UBS has depressed the supermarket sector with suggestions that inflation will erode retailers’ margins. Supermarket chain Supervalu is hit hard by the report, while Safeway also retreats.

The rising oil price is hurting stocks of fuel dependent companies such as General Motors and US Airways. Conversely, oil stocks such as Chevron and Exxon are motoring forward.

Phone equipment maker JDS Uniphase dialled all the wrong numbers when its fourth quarter results unexpectedly showed a loss.

In other company news, HJ Heinz saw first-quarter profit rise 11% to $229m thanks to sales that rose 14% to $2.58m, while Burger King saw profits jump 42% in the fourth quarter, driven by strong sales.

S&P 500 - Risers
Limited Brands Inc (LTD) $19.66 +9.40%
Fannie Mae (FNM) $4.70 +6.82%
Freddie Mac (FRE) $3.38 +4.00%
Peabody Energy Corp (BTU) $66.70 +3.65%

S&P 500 - Fallers
Jds Uniphase Corp (JDSU) $10.21 -14.20%
Gamestop Corp (GME) $40.99 -5.81%
Sovereign Bancorp (SOV) $8.30 -5.47%
Tesoro Corp (TSO) $17.13 -3.82%

Dow Jones I.A - Risers
Chevron Corp (CVX) $87.93 +1.70%
Exxon Mobil Cp (XOM) $79.90 +1.38%

Dow Jones I.A - Fallers
Amer Intl Group Inc (AIG) $20.12 -3.27%
General Motors (GM) $9.90 -2.57%

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