By eToro – Equity markets were hammered as a combination of weaker than expected earnings and a disappointing consumer sentiment index, hurt investor sentiment. Bank of America’s 8% drop led financials lower, erasing the S&P 500 index’s weekly gains amid concerns the economy is expanding too slowly to spur corporate growth. Adding to the jitters was a morning report that showed consumer sentiment dropped to its worst level since March 2009. The S&P 500 lost 13 points or 1.3%.
Click here for the full review
Forex Market Analysis provided by eToro
Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don’t trade with money you can’t afford to lose.
