Momentum Non-Existent on Monday as Wall Street Eyes Europe (INTC, GRPN)

By: , dated June 18th, 2012
Markets began the week on a mixed note, as the Dow recorded minor losses but the S&P 500 and Nasdaq barely stayed above water on an uneventful trading day. Investors await important macroeconomic decisions in Europe, as central banks are expected to provide assistance to troubled nations, mainly Spain and Greece, very soon. In domestic news, the Census Buraeu released a report saying household net worth has slid a whopping 25% between 2005 and 2010. Stocks in the news were Groupon (GRPN), who saw shares rise in the wake of a Morgan Stanley (MS) upgrade, and Intel (INTC), who purchased $375 million worth of patents.

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