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Market recap: Stocks book solid losses following the weak Nonfarm Payroll report, but close well...

  • Friday, July 6, 2012, 4:11 PM ET
    Market recap: Stocks book solid losses following the weak Nonfarm Payroll report, but close well off session lows, helped by a late-day QE rumor. The S&P 500 -0.9%, the Nasdaq -1.3%. For the week the S&P lost a bit less than 1%. Europe closed sharply lower for a 2nd consecutive day, with several money market funds closing the doors to new investment in light of the ECB's 0% deposit rate. The 10-year Treasury yield fell 5 bps to 1.55%. Gold -1.6% to $1,583.
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This news story has 3 comments:

  • Dollar soars; stock fall
    http://seekingalpha.co...
    7 Jul 2012, 05:28 AM Reply Like
  • Well off the lows. Shows the power of a well timed Reuters QE news flash chatter just b 4 3pm.........
    7 Jul 2012, 07:11 AM Reply Like
  • This market fell, but not hard enough to indicate the next leg down. Early next week will be telling.
    http://bit.ly/HRQCJc
    7 Jul 2012, 11:30 AM Reply Like
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DJIA (DIA) S&P 500 (SPY)