Recap Stock Index Market Report
Mon 30 Apr 2012 15:24:00 CT
Related Keywords: Equity Index
Related Keywords: Equity Index
The June S&P 500 trended lower throughout the US trading session, weighed down by slowing growth concerns in Spain and a number of soft US economic data points. Equity markets sold off sharply in the wake of Chicago PMI data that came in weaker than expected and showed the slowest rate of growth since November 2009. Financial shares were among the largest decliners on the session in the wake of a ratings downgrade on a number of Spanish financial institutions. There were also disappointing corporate earnings this morning from Humana and NYSE Euronext that also offered a drag for the major indices.
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*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.
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