The broader energy sector sunk today as debt concern and a rising dollar pushed shares of major oil companies lower. At $87 a barrel some analysts are worrying major companies will engage in fewer projects in the upcoming months.
Stocks moved higher today on hopes that Europe may finally address its sovereign debt issues. Financials lead the way as the sector moved up by as much as 5 percent.
Stocks are up in mid-day trading today as retail sales came in strong and EU showed some progress in handling the debt crisis. Apple is also holding up after the death of Steve Jobs.
The market is trading higher today as investors receive encouraging news from Europe. Netflix says it is abandoning its spin-off plan, and Apple announces a new record.
Market stays flat as investors prepare for earning surprises or disappointments. The U.S. Senate votes on President Obama's jobs bill as Occupy Wall Street continues protests.
European markets have pulled back this morning as hopes begin to fade over the rescue package. Earnings from Wells Fargo and Citigroup today proved to be a bit lackluster.
Investors may expect a bounce today, but anticipating a market bottom is premature. There is more downside as the market seeks comfort level that discounts uncertainties.