Feedback
Equity Index Market Report
Fri 10 Feb 2012 15:27:00 CT
Related Keywords: Equity Index
Related Keywords: Equity Index
Recap Stock Index Market Report
The March S&P 500 traded lower throughout the session, pressured by uncertainty surrounding a bailout for Greece. The situation in Greece seemed to change overnight after European leaders called for more austerity reforms and a firm commitment before granting them more aid. This offered some traders a reason to bank profits, which contributed to the sell off. Another factor that contributed to the day's weakness was a round of disappointing US economic readings on US trade and consumer sentiment that fell short of expectations. All of the major S&P sectors were in negative territory, led by industrials and financials. Renewed concerns over a potential Greek debt default and risk of a debt contagion spreading to other European countries sent the regions bank shares down by more than 2.5% on the session. There also seemed to be an increase in fear in US markets, highlighted by a better than 12% gain in the CBOE Volatility Index.
View All Market Commentary
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
