Italian President Sergio Mattarella decided Sunday to block the formation of a euroskeptic government, reviving longstanding worries about a political crisis in Italy and the broader stability of the Eurozone, according to Dow Jones Newswires.
The Dow fell on Friday as a decline in oil and concern over a scuttled summit with North Korea made investors wary on the eve of the three-day Memorial Day weekend. Despite geopolitical tensions, the major averages closed the week in positive territory.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 24602.09 | -151.00 | -0.61% |
| SP500 | S&P 500 | 2709.18 | -12.15 | -0.45% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7430.2445 | -3.61 | -0.05% |
On Tuesday, economic data reports included the S&P Case-Shiller report on home prices. Home prices increased in March, but the gains were in line with the prior month’s advance.
Oil futures were sharply lower on Tuesday as traders digested the potential for Saudi Arabia and Russia to boost oil output.
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Source: foxbusiness.com | Original Link