Hot Stocks to Watch: DEER, RHT, PRSS, ARNA, CHRS, AET, MCP, CI

Wall Street signEurope is coming back into focus today, and not in a good way. Rumors were swirling in Spain that EU officials had been urging their Spanish counterparts to start the process of a bailout from the IMF and ECB. Coupled with a strike due to a renewed austerity push, you had the makings of a down day across the continent.

Italian markets also took a beating on the day, down over 3% on the day. Growth fears are returning in force across the continent and due to the Chinese data and US macro data doing little to allay fears. EU sentiment indexes also declined unexpectedly which helped lead the sell-off.

Domestically the major indices are negative today. Currently, the Dow is down nearly 70 points to 13,075. The Nasdaq and S&P500 are both down 31 and 12 points respectively. [Read more...]

After Hours Report on March 28

Wall StreetThe major stock indices closed down about 0.5% as worries about the global economy continue. Economic data close to home was negative as durable goods orders rose less than economists expected at 2.2%. Economists were expecting 3%.

Economic growth contracted more than expected in the UK for the fourth quarter. Loan growth for the private sector also slowed in the euro zone in February.

The Dow closed the day down 71 points, the Nasdaq down 15 points and the S&P 500 down 7 points. [Read more...]

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