Domestically, bad news is perceived as good news, with each negative economic report seen as further proof for the Fed to announce economic-stimulus measures when it convenes next week. Unemployment claims unexpectedly rose this past week coupled with the Labor Department's report of the Consumer Price Index showing U.S. prices falling the most in almost three years.
Besides the negative domestic issues, Spain's sovereign debt is dissipating, raising borrowing costs to dangerous all-time highs. Despite reports showing the U.S economy is sputtering and eurozone debt issues reaching unsustainable levels, the Dow Jones Industrials
Index |
Gain/Loss |
Gain/Loss % |
---|---|---|
Dow Jones Industrials | 90.86 | 0.73% |
S&P 500 | 7.61 | 0.58% |
Nasdaq | 3.49 | 0.12% |
Source: Yahoo! Finance.
Who's who
So far today's top performer of all the Dow components is Walt Disney
The consumer goods sector is the top performer today, with Home Depot
Outside of the Dow, Nokia's
Takeaway
The midterm eurozone economic picture will begin to take shape this weekend as the Greek election takes place, with the country's European Union membership in the balance. The international economic picture presents complex problems that can only be treated in small doses, so expect some turbulence for the foreseeable future. With increased instability expected in the market, now is a great time to check out The Motley Fool's special report: "3 Stocks That Will Help You Retire Rich." This free report will list three remarkable companies as well as offer great advice on how to invest to secure a comfortable retirement -- get your free report now.