Stocks Slip as Europe Rally Wanes With Diamond Foods (DMND) and Forest Laboratories (FRX) on the Move
Following a higher open, U.S. stocks turned mixed Monday as early enthusiasm over a $125 billion bailout for Spanish banks began to fade. Over the weekend, Spain asked for 100 billion euros from the other members of the eurozone for help to recapitalize its banking system, and the group signaled it is willing to respond favorably to the request. While investors consider "the rescue of Spain as a rescue for the financial markets," they are still facing many unanswered questions. Investors are also cautious as they prepare for elections in Greece on Sunday. The concern is that anti-austerity p...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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