U.S. equity markets declined for a second session...
U.S. equity markets declined for a second session (though finished off the worst levels of the morning), dragged down by European market after talks between Greece and its international creditors broke up in failure over the weekend and Athens moved closer toward a debt default that threatens its future in the euro. Major U.S. averages were lower across the board (follows Friday when all 10-S&P sectors and all 30 Dow components closed negative), as the S&P traded back below key technical levels (100-day 2,088), the Dow Industrials moved back into negative territory for the year, and the NASDAQ trades around its 50 day MA of 5,023.
In sector news, positive moves in an overall down market from housing stocks (on SPF/RYL merger and better housing data), Internet security stocks (amid all recent hacks/breaches, with latest against US gov't) as CYBR, FEYE, PFPT all surge, and Healthcare/HMO stocks after Dow Jones reports of deal talk between CI/ANTM/AET/HUM all in mix. European stock closed lower after weekend debt talks between the Mediterranean nation and its creditors broke down. Most commodities declined, although gold was in positive territory.
HammerstoneReport Closing ReCap 6/15/15
