What happens in European markets doesn't stay in Europe. The markets are selling off across the board this morning as eurozone economic data paints a bleak picture of a stalling recovery. EU factories saw their worst monthly performance in nearly three years, and Spain reported its economy shrank for the second straight quarter as painful austerity measures have put the continent on weaker footing than even the United States' tepid recovery.
With that in mind, let's take a closer look at how the major indexes are faring today and drill down on a few stocks caught up in today's action.
Index |
Gain / Loss |
Gain / Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
(155.00) |
(1.19%) |
12,874.26 |
Nasdaq |
(45.64) |
(1.52%) |
2,954.81 |
S&P 500 |
(17.26) |
(1.25%) |
1,361.27 |
Source: Yahoo! Finance.
The Dow is faring better than the two other major indexes despite all of its components losing ground. Notably, Wal-Mart
Europe is not just hammering today's markets, but also took a blow torch to Kellogg's
As you can see, earnings undoubtedly move the market, but to play them right you've got to know what to look for. That's why our analysts wrote this free report: "5 Stocks Investors Need to Watch This Earnings Season." You can learn more about these stocks by clicking here. Enjoy, and Fool on!