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Major Indices Mixed on Uncertainty in Europe (VLO, GRPN)

By: , dated May 7th, 2012
A slew of  leadership changes in Europe brought markets down early in the day today, but by the end they had largely recovered and posted gains. US Treasuries reflected the uncertainty felt early in the day, as investors bought them up and drove down yields to three-month lows. In corporate news, Valero Energy Corp. (VLO) ousted Bank of America (BAC) from the 12th spot in this year’s Fortune 500 list, up from 24th last year. In his letter to shareholders, Groupon (GRPN) CEO Andrew Mason made the case that the company was not simply a direct marketing channel, but was going to “profoundly change the way we shop locally”.

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