S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Asia Stocks Hit By EU Sovereign Concerns, Europe Recovers

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Stocks across Asia were hit by concerns that Europe has still not found a solution to the sovereign debt problems that vex Spain and Italy. Europe stocks rebounds modestly. Stock in the US fell nearly 2% yesterday

The Nikkei closed down 1.17% to 8,553. The Hang Seng was off .69% to 18,447.

At the open in Europe, the FTSE 100 was up .3% to 5,444. The DAX rose .46% to 5,814.

Most markets will trade in a narrow range as they await comments by the Federal Reserve about whether it will intervene in the economy.

MarketWatch writes that “The real activity at the Federal Reserve won’t be seen in the interest rate announcement due Tuesday but will show up next year as central bankers prepare for big decisions in the coming months.”

The news service adds “Many economists think that the Fed will engineer another round of asset purchases, or quantitative easing, early next year.”

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

The Fed’s Stress Tests: Too Little, Too Late

The Federal Reserve has set the rules for its Comprehensive Capital Analysis and Review for 2012. The stress test will…
VGK Has Nearly Doubled VOO Returns This Year. Here Is What Investors Should Know
John Seetoo |

VGK Has Nearly Doubled VOO Returns This Year. Here Is What Investors Should Know

The S&P 500 has long been an accepted benchmark of US industrial health status, and has been a consistent winner,…
Why the Federal Reserve Rate Cutting Cycle Already May Be Over
Jon C. Ogg |

Why the Federal Reserve Rate Cutting Cycle Already May Be Over

News of the trade negotiations between the United States and China going well begs the question of whether U.S. interest…
Will the SPDR S&P 500 ETF (SPY) Stock Hit $800 in 2026?
David Moadel |

Will the SPDR S&P 500 ETF (SPY) Stock Hit $800 in 2026?

A well-established and popular exchange traded fund (ETF), the SPDR S&P 500 ETF (NYSEARCA:SPY | SPY Price Prediction) tracks the…
European Stocks Open in Red After US Treasury Yields Hit 14-Year Highs
247patrick |

European Stocks Open in Red After US Treasury Yields Hit 14-Year Highs

European stocks were down Friday morning after the U.S. Treasury yields jumped to a 14-year high as investors brace for…
Bitcoin’s Correlation to Gold Increases as Crypto Rally Continues
247patrick |

Bitcoin’s Correlation to Gold Increases as Crypto Rally Continues

The relationship between bitcoin and gold has been strengthening in the past few weeks, buttressing claims by bitcoin supporters that…
Douglas A. McIntyre |

Shanghai Closes Down Sharply, Europe Slides

ThinkstockChina had another bad day. The Shanghai Composite dropped 1.2% to 2,927. Hong Kong’s Hang Seng dropped 1.5 to 21,080.…
Top Strategist Says Buy Dividend Energy Stocks in 2022 That Offer Inflation-Protected Yield
Lee Jackson |

Top Strategist Says Buy Dividend Energy Stocks in 2022 That Offer Inflation-Protected Yield

In a new research report, the equity strategists at BofA Securities make the case that energy stocks will be solid…
IEUR Is One Of The Best Performing ETFs No One Knows About (Crushed VOO and SPY)
John Seetoo |

IEUR Is One Of The Best Performing ETFs No One Knows About (Crushed VOO and SPY)

Despite increasing threats to the European Union from waves of illegal migrants, a large energy dependence on Russia, and in-fighting…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618