The Early Rally Has Faded: Stocks Are Diving In Europe And The US

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Photo: Gustavo Verissimo on Flickr

Update:And after an early-morning rally, stocks are now clearly lower across the board.

Dow futures are pointing to a decline of 80 points.

Germany is off 0.6%.

UK off 2%. A report about about Fitch potentially downgrading US banks isn’t helping.

There’s nothing tood ramatic happening, really especially when you consider how much of a wild rally stocks have had lately.

But between this, and the big end-of-day selloff yesterday, it looks like, for now, some steam is coming out.

 

Original post: Fairly quiet morning so far.

US futures are up modestly, and European stocks are up as well.

Nothing too wild: France is up 0.4%. Italy’s up 0.34%

It’s all mostly notable in the sense that in the absence of anything big going on, the trend is to drift higher.

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