Why The Market Fell Today – 06/23/11 © ™

Here are a few of today’s headline articles that are affecting the stock market.

The new Greek finance minister, Evangelos Venizelos, has angered his European counterparts by attempting to renegotiate privatization plans and change the time line of the imminent vote.

Bernanke made a big point during Wednesday’s press conference, no QE3 is coming.

Initial jobless claims were up to 429K from a revised 420K last week.

The debt ceiling negotiations have collapsed. It’s now up to Obama and Boehner to find a solution.

Chicago Fed Index numbers were bad.

The market expected some of these events yesterday and began falling hard during late trading. I’ll have an update after the market close today.

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This entry was posted on June 23, 2011 at 11:46 AM and is filed under UPDATE. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.

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