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In early going, the market is falling, although the first thing to bear in mind is that the Dow was up over 300 points yesterday, so we need to put things into context.
That being said, the Dow is off 50, and the NASDAQ is off 1.4% in large part due to Oracle.
The stock is off 13.6% in the wake of a bad earnings report.
Meanwhile, back in Europe things have mostly stabilized. Italian market is a touch off its lows, currently down 0.7%.
There isn't tons of news or data today, with the exception of the ECB's big liquidity action which, though successful in the sense that it was very fully utilized, is seeing some sell-the-news type selling.
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See Also:
- Markets Are Back Rallying, Yields Are Falling Across The Board, German Confidence Jumps
- Maybe We Should Start Watching This Chart In Europe...
- Yes, There's A North Korean Bond Market, And People Actually Trade In It
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