After a mini-bailout was brokered over the weekend and the beleaguered Spanish banks all set to dine on TARP tapas over the weekend, conventional wisdom was that markets would see a boost from the increased eurozone stability. Remember, though, that the news broke Friday, and the markets, after opening down, showed solid gains to close out the best week of the year.
Consider today the morning after, when the hangover kicks in and the consequences of action from over the weekend become more apparent. Banco Santander
That said, let's take a closer look at where the three major indexes closed and at several stocks making headlines.
Index |
Gain/Loss |
Gain/Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
(55.44) | (0.44%) | 12,498.76 |
Nasdaq | (20.93) | (0.73%) | 2,837.49 |
S&P 500 | (5.75) | (0.43%) | 1,319.91 |
Source: Yahoo! Finance.
After seeing declines every session last week, the VIX
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