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Stocks Open Lower on Final Trading Day of 2011

Evan Lazarus
Dec 30, 2011, 10:42 AM

US stocks started the final session of 2011 lower as the S&P tries to hang on to positive territory for 2011. The index is marginally higher for the year and has been straddling the flat line for the past two days. Spain's new government unveiled austerity measures and said it expects an 8% budget deficit in 2012, while a German Finance Minister attempted to reinforce confidence in the Euro zone by ruling out a break-up of the Euro zone. He stated his belief that the region had done enough to prevent the possibility of contagion on 2012, but talk is cheap and it is sure to be tough sledding for the continent's heavily indebted nations in 2012.

 

 

*DISCLOSURES: Scott Redler is long AAPL, GOOG, SPY, BAC

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