Portuguese Bank Concerns Drive Markets Lower; Earnings Season Continues

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] 1. Moving The Markets Markets dropped today amidst questions over the health of a large Portuguese bank namely Banco Espirito Santo. Concerns over a delayed payment caused a stock sell-off in Europe and the angst spread to Wall Street. The Dow, which had dropped as much as 180 points on the day, ended down 71 points, …