Daily Market Report: S&P 500 Needs To Hold Important Support Level
Posted on January 14, 2009 at 10:40 AM EST
Bad news in the European banking and financial services sector this morning has caused a reversal from the enthusiasm that had been building overnight. At 8:05am ET today (Wednesday), there were reports that Deutsche Bank (DB), HSBC (HBC) and Man Financial Group were ailing. http://finance.yahoo.com/news/Man-Group-assets-fall-to-sue-rb-14056577.html http://www.reuters.com/article/marketsNews/idCALE48594820090114?rpc=44 Yesterday, in listless trading, the DJIA (^DJI) was down a bit, … ...