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Stocks Sink on Europe

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  • Description

    FBN's Sandra Smith weighs in on market movers.

  • Duration 1:29
  • Date

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Well Europe is slamming the markets here at this hour that there were talking development on the floor of the New York Stock Exchange Zander -- she is standing by a lot of red on the screen you can't.

-- watching -- and most of the drop that we're seeing in the stock market today are either direct -- -- because of -- or indirectly because of -- and you look at the Dow losers.

At this hour you'll see that leading the losses that is -- material stock Alcoa.

Taking the biggest hit it's down about 3% the world's largest aluminum producer.

And this as the Euro weakens the dollar strengthening pushing down the price most commodities.

Therefore Alcoa down General Electric DuPont Hewlett-Packard this was one of the big Dow winners in January rose 9%.

So some of those stocks that have been -- them that are snapping back today ahead of the weekend an ExxonMobil.

This is a drop as oil prices plunged on all those concerns over the debt crisis over in Europe.

Oil prices down.

Bob -- and a half right now pact signed the big oil giants are down more than percent.

Are those are big names to watch -- but I also wanna ask you about a smaller and that -- -- Citigroup.

Started the company with a buyer rating house the stop doing on that one unbelievable stock to watch you're just small gains in the market today but keep in mind it's hitting all time highs.

Citigroup actually initiating coverage of the stock today -- -- rating.

Paid they were really strong over the holiday is they're also saying that more men are buying their leather goods -- Coach they're also really strong in China as a Coach of the all time highs doing very well.

Right -- -- sandy about a flood in York stock exchange Sandra thank you very much -- you send.

And don't -- and.

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