France and Austria are both expected to have their AAA ratings cut Friday by Standard & Poor's, sending shock waves through the global financial markets.
Wall Street sank today modestly today as continued European turmoil weighs on investors. Up ahead, the market is watching retail numbers closely along with several key economic data points.
Stocks took a major dive today as investors became fearful of growing uncertainty in Europe and increased volatility in the market. All sectors closed fell lower.
Wall Street walked a tight rope between gains and losses today until a late report on the European debt crisis derailed at support bulls had for the day.
Wall Street closed out a week of strong gains as investors peg hopes on a resolution in Europe and earnings season continues to produce favorable results.
Wall Street was on fire today, with stocks reaching new highs as hope for an EU resolution and economic data showed promise for bulls. Financials led with an almost 6 percent jump.