Bears Wake Up, Greece Troubles, Dollar Advances
The stock market bears were awakened from their slumber as equities plummeted across the board. International worries emanating from Greece’s budget deficit started the negative slide. JP Morgan’s revenue disillusioned investors while consumer sentiment added to the gloomy day. The DJIA fell -100.90 to 10609.65, the Nasdaq gave back -28.75 to 2287.99 and the S&P 500 slipped -12.43 to 1136.03.
^JPM^: Fell 2.26% or $1.01 to $43.68/share after reporting a loss in its retail bank.
^CS^: Dropped 5.12% or $2.73 to $50.64/share after a substantial loss of assets was revealed attributed to an Italian tax amnesty matter.
^VZ^: Cut prices on its unlimited calling plans sending shares lower by 2.05% or 64 cents to $30.58.
^TOL^: The McMansion builder dropped 2.03% or 40 cents to $19.34/share after being downgraded by Goldman Sachs.
Oil fell $1.44 to $77.95, gold gave back $12.00 to $1131.00 and the VIX fear index climbed 1.59% to 17.91.
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