Market Recap: Sarkozy and Apple Tank Markets
Markets closed down on Wall Street today: Dow -0.63%, S&P -1.26%, Nasdaq -2.01%, Oil -2.6%, Gold -0.6%.
Today’s markets were down because:
1) Greece. While the world awaits the EU’s next step, Greeks are taking to the streets after another announcement for more austerity.
2) Sarkozy is Stuck. We told you. Yesterday was an “EU is saved!” day, so today had to be the opposite. French President Nicolas Sarkozy (NYSE:EWQ) said the EU bailout talks had stalled, and the risk off bet was back on.