U.S. stock markets began the week with a loss today, as mixed news events ultimately failed to buoy stocks. Despite reverting into positive territory late in the afternoon, the Dow Jones Industrial Average
Source: Google Finance
The Dow opened abruptly lower on concerns of diverging opinions from key European leaders Francios Hollande of France, and Angela Merkel of Germany, about forging the much-need banking union to stanch the ongoing European debt crisis. Following the Dow southbound, both the S&P 500 and Nasdaq also posted losses, dropping 0.2% and 0.6% respectively. The market’s "fear gauge," or the VIX
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Shares of weight loss drug maker VIVUS
Facebook also took an absolute beating today, falling 9.1% after the investing publication Barron’s ran a story opining that the social media powerhouse remains overvalued. The article cited an estimated fair value price for Facebook at around $15 a share.
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Andrew Tonner holds no position in any company mentioned. Follow me on Twitter at @Andrew Tonner. The Motley Fool owns shares of Facebook. Motley Fool newsletter services have recommended buying shares of Facebook. Motley Fool newsletter services have recommended creating a bear put spread position in SPDR S&P 500 ETF. The Motley Fool has a disclosure policy.