US stocks rattled by Greek bailout move. Stocks swooned Tuesday after Greece’s prime minister seemingly pulled the rug out from under other EU leaders’ efforts to contain the region’s sovereign debt crisis. Wall Street’s 2nd day of declines had both the S&P 500 and NASDAQ back in negative territory for 2011.
The slide had November off to a poor start following one of the best Octobers on record, with the S&P 500 tallying a 11% rise last month, its best October performance in 37 years, countering what is often a dismal month for equities. October was the scare month, it’s been the month of crashes. I’ve lived through some of them, not ‘29, but the ‘87 one…. so, hold on for better days …
Mid-day: The NASDAQ is DOWM -85.97 (-3.20%) to 2,598.44. The Dow is DOWN -295.39(-2.47%) to 11,647.82
Mid-Day Movers … BioTime (AMEX: BTX), ImmunoCellular (OTC BB: IMUC) and International Stem Cell (OTC BB: ISCO).
What’s new in the regenerative medicine/stem cell market = 0