DJIA Market Close for Monday, July 11, 2011

After the close…

We have AA down -0.6% following earnings and guidance.

The near 2% drop suffered by the stock market this session was its worst single-day decline in more than a month. The aggressive sell-off came in response to concerns that the European Union is struggling to help countries in its periphery restore their financial health.

After the close, notable stocks reporting earnings include AA, JOEZ and NVLS.

Futures are higher after hours with S&P 500 futures up +0.9 from fair value of 1315.30 and Nasdaq 100 futures up +3.2 from fair value of 2359.00.

Tomorrow before the open, there is one economic report scheduled to be released: 1) Trade balance (Consensus -$44.0 billion).

Also tomorrow before the open, notable stocks expected to report earnings include FAST, INFY and WWW.

PSVIX was down -1.56+% today. Better than the Russell 2000 fared.

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