Fears about the fallout from a growing debt crisis in Europe dragged on Wall Street.A surprise rise in weekly jobless claims ahead of today's non-farm payrolls report in combination with the sovereign debt issue has got investors a bit spooked. Cisco failed to hold early gains after better-than-expected quarterly sales and earnings. QQQQ implied volatility jumped to 23.14.
Friday, February 5, 2010
Dropped on debt fears
Fears about the fallout from a growing debt crisis in Europe dragged on Wall Street.A surprise rise in weekly jobless claims ahead of today's non-farm payrolls report in combination with the sovereign debt issue has got investors a bit spooked. Cisco failed to hold early gains after better-than-expected quarterly sales and earnings. QQQQ implied volatility jumped to 23.14.
