Crippled European Banks Threaten a New Crisis

Only a short-covering rally on Friday saved stocks from a truly horrendous performance last week. The Dow Jones Industrial Average lost 231 points or 1.4% to close at 15973.84 on the week while the S&P 500 dropped 15 points of 0.8% to end the week at 1864.78. The Nasdaq Composite Index fell 0.6% on the week to finish at 4337.51. All three indexes are solidly in the red for the year with the Dow down -8.33%, the S&P 500 down -8.77% and the de-FANGed Nasdaq down -13.38%. Tags: central bank , Dow Jones , dow jones today , Federal Reserve , Financial Crisis , market crash , The Fed To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Crippled European Banks Threaten a New Crisis appeared first on Money Morning - We Make Investing Profitable .