Stocks sold off as the most recent effort by European leaders to fix its crisis failed to give investors confidence. European leaders committed to lend Spain $125 billion to shore up its banking system, but an early US rally faded as investors saw the effort as merely temporary. At the closing bell, the Dow was down 1.14%, the S&P was down 1.26% and the Nasdaq fell 1.7%.
Energy Solutions (NYSE:ES) lost more than half it's value after lowering its guidance. McDonald's (NYSE:MCD) shares were also lower today after Credit Suisse cut its estimates and price target for the fast food chain. Those shares closed down 1.3%.
Tomorrow morning, investors will take a look at import and export prices and a report on small business optimism.
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