Ugliness hit US stocks today on the heels of Google being slammed with an anti-trust fine of $2.7 billion by the EU, and a delay in the Senate's healthcare bill vote. The former sent tech stocks and the NASDAQ down in early trading, even as other US stock indexes held up pretty well. As the day progressed, the broader market headed south as well.
It had been a decent day in Asian markets, which were mixed. The Asia Dow lost just 0.11%. In Europe, stocks headed more decidedly lower, as the STOXX 600 closed with a 0.79% loss. All four of the largest non-US American markets were lower today.
Concern about the ECB's changing view on monetary policy spooked the fixed income markets. Long-term government bonds lost as much as a full point or more across Europe and the US. Our 10-year note was down a big 18/32, taking its yield to 2.203%. ... Log in or subscribe to continue reading.