Markets Can't Get Off The Mat: Here's What You Need To Know

Markets failed to recover from their early morning losses and flirtation with a serious selloff around midday.

First, The Scoreboard:

  • Dow down 0.56%
  • S&P 500 down 0.37%
  • NASDAQ up 0.04%

Now, The Headlines:

  • Crude oil was down over 1% today, while gold was down around 0.40%.
  • France cut its projections for 2011 growth, down 0.5% to 2.0% for the year. There are also some doubts over the strength of the German economy in the second half of 2010.
  • George Soros just landed a 4% investment in the Bombay Stock Exchange, purchasing it off of Dubai Holdings for $35 million.
  • Hedge Fund manager Paolo Pellegrini is set to wind down his fund by returning his in investors’ money.
  • The SEC has “likely” issued Wells notices to several former Lehman Brothers executives. Those executives are now trying to prevent those charges from being brought to court.

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