(As of 7:00am PST)
The markets are taking a much needed break this Martin
Luther King Day Holiday Monday after taking a major hit on Friday. All of the major
U.S. indices were down over 2% at the close on Friday amid a smattering of disappointing
earnings reports, some weak economic data, falling oil prices and continued
concerns in China. Monday was a regular trading day around the world and it
looks like global markets could use a break as well with all European and Asian
markets trading down with the exception of the Shanghai index which ended the
day slightly in the green. Trading will resume tomorrow as earnings season
kicks into full gear. Notable reports this week include IBM, Bank of America,
Verizon and General Electric.
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