Markets Slide After Ugly Economic Data: Here Are The 10 Trades To Watch Right Now

Indices have failed to move higher today, and are just below the flat market, due to pressure from declining financial stocks.

  • Dow down 0.10%
  • S&P 500 down 0.26%
  • NASDAQ down 0.09%
  • DAX up 0.42%
  • CAC 40 down 0.25%
  • FTSE 100 down 0.35%

Financials dragging down the rest of the market.

The Big Trade: Bank ETF sliding on foreclosure-gate

Big Loser: Wells Fargo

Big Loser: Bank of America

Bank of America may be bank most exposed to foreclosure-gate, new mortgage bond crisis.

Big Winner: EMC Corporation

Speculation Oracle may buy EMC.

Big Winner: First Solar

ETF Mover: Spain

Gold: Slips from earlier highs

Currency: Dollar weakening against the euro

Energy: Crude oil rising

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