A disappointing factory orders report as well as lingering concerns over the European debt crisis kept the markets under pressure today.
The Commerce Department is reporting a 0.6 percent drop in factory orders in April, which was far worse economists expectations for a gain of 0.2 percent.
A new low for Facebook (FB) as the stock dipped below $27. The stocked debuted at a price of $38 dollars and has been edging lower ever since.
Chesepeake Energy (CHK) announced today it would replace four of its board members. This comes a week after investor Carl Icahn bought a large position in the company. Chesapeake shares are trading higher today on the news.
Tomorrow, we'll take a look at the ISM non-manufacturing index as well as earnings results from Hovnanian Enterprises.(HOV)
Looking ahead to the rest of the week, we'll be watching for crude inventories on Wednesday, and initial jobless claims on Thursday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.