With Greece, after much sound and fury, agreeing to another round of austerity cuts to keep the EU bailout money flowing and congressional Republicans agreeing to an extension of the payroll tax cut yesterday, the markets were poised to build on yesterday's workman-like gains. Unfortunately, rising retail sales numbers (0.4%) didn't meet Wall Street's expectations (0.8%) and persistent eurozone worries outside of Greece are dragging markets lower.
Let's take a closer look at how the three major indexes are faring this morning.
Index |
Gain / (Loss) |
Gain / (Loss) % |
Ending Value |
---|---|---|---|
Dow Jones Industrial Average |
(37.58) | (0.29%) | 12,836.46 |
Nasdaq |
(13.06) | (0.45%) | 2,918.33 |
S&P 500 |
(6.06) | (0.45%) | 1,345.71 |
Source: Yahoo! Finance.
All three indexes are down, with the S&P 500 edging out the Nasdaq as the early loss leader. The Dow is performing better, likely due to several strong individual performances.
For instance, aerospace conglomerate Boeing
On the Nasdaq, one of the worst performers is Zipcar
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