Investors are moving out of their positions today as worries over the European debt crisis and economic data in the U.S. continue. There is a lot of uncertainty right now in the markets with Europe being one of the main flashpoints. Investors are also awaiting the U.S. Supreme Court decision on President Obama’s healthcare plan. Sign Up For Free Stock Alerts
All eyes will be on a summit between European leaders later this week as they meet to discuss policy responses to the credit crisis. Most investors and analysts are tired of ‘discussing’ and want to see real action.
About an hour after the opening bell the Dow is down 154 points, the Nasdaq is down 50 points and the S&P 500 is down 20 points. [Read more...]