All of the indices opened sharply lower this morning on continued concerns about the Eurozone's debt situation. At today's European summit in Brussels, German Chancellor Angela Merkel refused to discuss the Greek situation. The stated reason was that the parties responsible for overseeing the Greek bailout package are still engaged in discussion with bondholders, banks, and the Greek government.
Determined not to let Europe's woes sour the day too badly, though, the indices fought back to smaller losses and closed the day just moderately in the red.
Gain / Loss
Gain / Loss %
|Dow Jones Industrial Average (INDEX: ^DJI )||-6.74||-.05%||12,653|
All things considered it's no surprise then that Bank of America
What to watch
Tomorrow, investors will be eagerly awaiting earnings from Pfizer
Pfizer faces certain difficulties coming off their Lipitor patent. The drug has been a cash cow for them over the years, and the company has decided to sell the drug at generic prices to combat the certain flurry of imitation drugs once the patent expires.
Expectations for Exxon are positive, though some doubt has been aroused after Chevron
Foolish bottom line
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Austin Smith owns shares of Pfizer. The Motley Fool owns shares of Bank of America. Motley Fool newsletter services have recommended buying shares of Chevron and Pfizer. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.