The reason du jour for today's light selling action is "profit and growth," but I've heard folks also talk about 7% bond yields in Spain.
Hey, Europe tried to kick the can down the road, but it didn't land very far away from the kick! It was less than two weeks ago than the European Debt Deal sent the market soaring higher.
Time flies.
Anyway, Alcoa reported after the bell and beat lowered guidance. Hey, they knew things weren't going well but at least they were upfront about it.
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More later. Need to get the workout in!
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Stocks fall on profit, growth worries
BUSINESS | JULY 9, 2012
http://pulse.me/s/b573r
> Stocks closed Monday lower, as the start of the earnings season highlighted investors' worries about the profit outlook amid signs of slowi... Read more
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Sent via Pulse
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Stocks fall on profit, growth worries
BUSINESS | JULY 9, 2012
http://pulse.me/s/b573r
> Stocks closed Monday lower, as the start of the earnings season highlighted investors' worries about the profit outlook amid signs of slowi... Read more
--
Sent via Pulse
