When Spanish 10-year bond yields pushed the 7% mark, analysts were warning that the country couldn't stay solvent long term paying such an abhorrent amount to finance itself. After Spanish banks received bailouts from the European Central Bank, the rates retreated below the 7% line of demarcation. However, it's apparent that six Spanish regions are now going to need bailout packages from the central government, sending investors fleeing for safe investments, primarily into U.S Treasuries and German bunds.
The day overall was spoiled with a heavy sell-off internationally as well as domestically. The Dow Jones Industrials
Gain/ Loss %
|Dow Jones Industrial Average||(101.11)||(0.79%)|
|WTI Oil Futures||(3.44)||(3.69%)|
Source: Yahoo! Finance.
Starting in the Dow, McDonald's
Today was not kind for energy companies but Halliburton
Also in the energy sector, NRG Energy
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Joel South owns shares of no company listed above. The Motley Fool owns shares of McDonald's. Motley Fool newsletter services have recommended buying shares of Halliburton, McDonald's, and VMware. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.