Stocks sank after tech giant Oracle reported lower than expected third quarter income and sales and the crisis in Cyprus worsened. Heading into the last half hour of the session, the Dow was down .43%, the S&P was down .6% and the Nasdaq was down .8%.
The European Central Bank threatened to cut bank funding if leaders in Cyprus couldn't agree on a bailout by Monday.
Other stocks getting hit hard today include Cisco (NASDAQ:CSCO) Hewlett Packard (NYSE:HPQ) and Bank of America (NYSE:BAC).
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.