Market Wrap up

After Market Close

U.S. markets dropped more than 1% today as the euro fell off a cliff hitting a 2 year low until the afternoon when the euro regained its footing sending the U.S. dollar lower and equities higher.

Market Wrap Up

This stock market has problems. Problems indeed! With what appeared to be an oversold bounce this morning was shattered on more negative news from the ECB cutting funding to certain Greeceā€™s banks not to mention the FOMC statement about highlighting several members saw the need for additional stimulus causing the bulls packing once again.