S&P Downgrades 15 Italian Banks
Standard & Poor's Ratings Services raised its economic-risk score on Italy and downgraded 15 Italian banks, noting the country faces a deeper and more prolonged recession than the firm had originally anticipated.
Capital Goods Sector Wrap
The Capital Goods sector (XLI) showed little movement while the S&P 500 gained 2% during trading today.
Globus Medical Marks Week's Second Post-IPO Stock Jump
Medical-device designer Globus Medical Inc. (GMED) jumped on its first day as a publicly traded company, the second stock this week to record strong gains in its public debut.
Consumer/Non-Cyclical Sector Wrap
The Consumer/Non-Cyclical sector (XLP) showed little movement while the S&P 500 gained 2% during trading today.
Financial Sector Wrap
The Financial sector (XLF) showed little change during trading today while the S&P 500 rose 2%.
Energy Sector Wrap
On a trading day that saw the S&P 500 gain 2%, the Energy sector (XLE) showed little change.
U.S. Bank Business Loans Stayed Flat at $1.451 Trillion in Latest Week
U.S. banks' commercial and industrial loans remained flat at $1.451 trillion in the week ended July 25, the latest week for which data are available, the Federal Reserve said Friday.
Majority of Wall Street Dealers Say QE3 is Coming, Poll Finds
A poll of 17 large financial institutions that do business directly with the Federal Reserve suggests there's a 63% chance the central bank will for the third time expand its balance sheet via large-scale bond purchases.
Technology Sector Wrap
On a trading day that saw the S&P 500 gain 2%, the Technology sector (XLK) showed little change.
Health Care Sector Wrap
The Health Care sector (XLV) showed little change during trading today while the S&P 500 rose 2%.