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Markets Down on Concerns Over Spain

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  • Description

    FBN's Nicole Petallides breaks down stocks impacting the afternoon markets.

  • Duration 1:01
  • Date

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This transcript is automatically generated

Markets Nicole pedal eighties is standing by on the floor.

I'm generic stock exchange -- right says talk to me about what's happening with the markets right on the -- right and Spain is a very big factor -- back to that Europe story once again and we've actually seen.

The Euro dropping again and went to their lowest levels since June 2010.

Dollar is particularly strong and with Spain's.

-- ten year bond above 7% once again that brings.

Obviously a gloomy sort of pictured here on Wall Street without all selling here all day -- the Dow components have been in the -- the Dow right now he's down nearly three quarters of 1%.

12100777.

Is -- we close last Friday so we still -- in the green for the week.

But for today we are seeing financials and -- and and such all lower I take a look here at SanDisk SanDisk memory chipmaker.

Coming out of the quarterly results that could and the truth is the chip market has been suffering and the outlook is pretty tough but they didn't beat the street and when you beat the street and then did better than analysts had anticipated up thirteen and a half percent right now.

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