Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Markets Pull Back on Greece


Today's financial recap and tomorrow's financial outlook.

Today at T3 Live

Option Strategist Doug Roberson executed a bear call spread on Wynn Resorts (WYNN). He believes there is no near term support level for the stock to bounce off from and expects it to keep going for the near future. He plans to hold his position until expiration, unless WYNN drops rapidly early on, at which he will exit and accelerate his profit.

Click here to learn more about the Option Strategist

Daily Recap

Markets took a beating as the Greece situation doesn't seem to be making any progress.

The S&P 500 and DJIA closed down about 2%. The NASDAQ fell 2.4%.

The Russell 2000 didn't fare any better, losing 2.58%.

US economic news was mixed. Pending home sales missed on both a month-over-month and year-over-year basis. Dallas Fed Manufacturing Activity missed as well.

Oil prices fell as well on the Greek crisis.

Bond yields jumped as investors flew towards safer assets.

The dollar rallied against most major currencies but fell slightly against the euro, and Australian dollar.

All sectors finished finished in the negative today.

Social media, and cyber security posted the biggest losses.

Utilities was the least hit sector with the jump bond yields.

Solarcity (SCTY) lost 4.64% today.

General Electric (GE)  agreed to sell its financial unit to Element Financial Corp. for $6.9 billion. Shares closed down 1.66%.

Nike (NKE) received a price target raise to $126 from $116 with a reiterated buy rating. Despite raise, shares fell 1.86%.

The Proshares Ultra VIX Short (UVXY) rallied 34.16% with investors scared over what will happen in the coming days.

Tuesday's Financial Outlook

US economic data for Monday will include NAPM-Milkwaukee, S&P/Case-Shiller reports, Chicago purchasing manager, and consumer confidence.

Overseas economic data will feature Japanese housing starts and manufacturing PMIs, German retail sales and unemployment reports, euro-zone unemployment reports and consumer price index, british GDP, Swiss KOR leading indicator, and Chinese manufacturing and non-manufacturing PMI.

ConAgra (CAG) will be reporting earnings before the close.
No positions in stocks mentioned.
Featured Videos