Just when you think we have everything sorted out, Spain's prime minister notes that he is not, contrary to popular opinion, preparing his country to request a bailout loan. Many Wall Street pundits have been counting on Spain to request a bailout loan. That action would then allow the European Central Bank to step in and buy Spain's government bonds, with the ultimate goal being to drive down yields. With ECB action now on hold, the S&P 500
Let's have a look at some of the companies most directly responsible for influencing the S&P 500 today.
The biggest news, without question, is the purported rumor that has Deutsche Telecom's T-Mobile buying out Dallas-based MetroPCS Communications
Not even a resounding endorsement from investing extraordinaire Bill Ackman was enough to save J.C. Penney
Kraft Foods Group
Don't ignore the little guy
One thing you'll often notice is that some of the biggest movers are relatively under-the-radar companies. Our analysts at Stock Advisor understand this all too well, which is why, in their latest special report, they've chosen to highlight three companies that Wall Street's too rich to notice. You can find out the identity of these stocks, for free, by clicking here to get your copy of this report.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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