Interesting day and as expected the markets closed in the red towards the end. The European markets are still somewhat in a positive mindset that something magical will happen at the EU summit and therefor the markets were up, but Europe will get a reality check fairly soon.
The big story today was Google and the accidental release of the earnings numbers, which sent the Google shares down nearly -10% on intraday. Then Google shares got halted for nearly two hours and at market close ended at -8.01%.
Ofcourse Google’s glitch had a big impact on all major Nasdaq players and the Nasdaq closed at 3072.87 (-1.01%).
The Euro and Precious metals were down on a stronger US Dollar, but we might see a precious metals rebound quite soon.
Tomorrow we might get a market dominated by the results of the EU summit, but if anything significant was to be said, expect that to be announced tomorrow after market close.
Here are a couple of interesting articles:
- U.S. Stocks Fall as Google Results Pull Down Tech Shares
- U.S. to Get Downgraded Amid Fiscal ‘Theater,’
- Precious relic: Gold remains popular, despite the doubts of economists
- Poor Market Conditions will See 180 Solar Manufacturers Fail by 2015
- Executives Lack Confidence in U.S. Competitiveness
- Spain Banks Face More Pain as Worst-Case Scenario Turns Real