Equities Roundup: Euro Crisis Strikes Again

Equities Editors Desk  |

Barack ObamaStocks opened lower today as concern rose over whether the European Union and International Monetary Fund are able to aid Greece in future bailout installments. If Greece does not receive another rescue payment, the nation could face default in only a matter of weeks. EU and IMF officials have debated on whether funds should be used to continue the financial rescue effort or be allocated to focus on spreading the contagion should Greece's economy collapse. The decision on the next $11 billion installment has been shelved until early October. In the U.S., President Barack Obama made a firm stance against the opposing party after unveiling a $1.5 trillion plan to generate tax revenue from high-income households. The taxes would come from letting some of the Bush tax cuts expire and would be part of a larger $3.6 trillion plan in cutting the nation's debt. The proposal also includes cuts to certain social programs and defense spending from the two wars. Wall Street is also anticipating an announcement from the Federal Reserve on Wednesday, hoping that the central bank will unveil a new stimulus plan as recessionary factors have intensified. Oil prices fell as much as 3.6 percent today, and gold fell over 2 percent as well.



DJIA: 11,288.17 (-1.92 percent)
S&P 500: 1,193.17 (-1.87 percent)
NASDAQ: 2,590.86 (-1.19 percent)
Russell 2000: 696.60 (-2.48 percent)

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Companies

Symbol Name Price Change % Volume
BGE.P.B Bge Cap Trust II 6.20% Trust Preferred Securities n/a n/a n/a 0 Trade
TYC Tyco International plc (Ireland) n/a n/a n/a 0
NFLX Netflix Inc. 361.05 -3.18 -0.87 15,113,740 Trade
TEL TE Connectivity Ltd. New Switzerland Registered Shares 91.69 -0.63 -0.68 846,384 Trade

Comments

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.