EmailEquities hit session lows during the first hour of trade before spending the rest of the session climbing off those levels. Headlines out of Europe indicated the International Monetary Fund sees a "major challenge" in implementing measures for Greece. Another comment which rattled the markets came from Slovak Prime Minister, Robert Fico, who suggested there is a 50% chance of a euro area breakup. The news resulted in a sharp sell-off in risk assets as crude oil, gold, silver, and the euro all fell to session lows. Stocks were able to recover some of their losses before succumbing to late-day selling pressure which resulted in the S&P 500 closing lower by 0.8%.
Today after the close the following companies reported earnings: ESL, GMAN, MITL, OVTI, SAI, SPLK, ZUMZ
Futures are mixed after hours: S&P 500 futures are -1.19 from fair value of 1397.99 and Nasdaq100 futures are +1.17 from fair value of 2752.58.
Tomorrow morning before the open no economic reports are scheduled to be released.
Tomorrow before the no companies are scheduled to report earnings.
