The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $155.46, -0.42 (-0.27%). The low of the day was $154.20 as the markets have bounced well off their lows. So why did the markets fall today? Additionally, why have they recovered so nicely? ...
Spain formally became the fourth country to ask for bailout aid from the euro zone on Monday, June 25. Spain’s short-term borrowing costs nearly tripled at auction on Tuesday. Market participants expect Moody’s to further downgrade Spain’s sovereign debt to Junk status.
