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Global Market Wrap-Up

Mark Hanna is a private investor and financial commentator, best known as “TraderMark” on Seeking Alpha. He holds an economics degree from the University of Michigan and operates his own website called Fund My Mutual Fund. Considering him a kindred philosophical spirit, Mark provides daily updates on global markets.
U.S. stocks finished their worst week since November 2011 on Friday with losses of 0.7% for the S&P 500 and 1.2% for NASDAQ.  The much anticipated debut of Facebook did little to lift spirits as European worries continued to dominate the landscape.

Gold rose 1.1%, or $17, to $1,591...
U.S. stocks closed with another round of substantial losses as worries about Europe - namely a potential bank run in Spain - overwhelmed a mixed bag of news in the United States.  The S&P 500 fell 1.5% and NASDAQ 2.1%.   The yield on the 10-year Treasury note fell to 1.69%. That's the lowest...
U.S. stocks closed with losses again Wednesday a report that the European Central Bank stopped funding operations with some Greek banks spooked investors.  An afternoon release of the latest Federal Reserve meeting minutes indicated more officials were open to additional quantitative easing, but it...
U.S. stocks experienced another volatile session Tuesday as better than expected (but not good) European GDP data surpassed the worse fears, but news out of Greece continued to weigh on markets. The S&P 500 fell 0.6% and NASDAQ 0.3%.

Gold fell $3.90 to finish at $1,557.10 per...
U.S. stocks closed with losses again Monday, continuing a rough streak in May as European politics dominated the news flow.  The S&P 500 and NASDAQ both fell 1.1%. As investors fled over the worries in Europe, they continued to push into the U.S. dollar (the euro fell to 3 month lows versus...
U.S. stocks finished mixed in another volatile session Friday after Thursday evening's disclosure of a large trading loss by JPMorgan roiled the banking sector.  The S&P 500 fell 0.3% while the NASDAQ finished gradually higher.  JPMorgan, the country's largest bank, dropped 9.3%.
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U.S. stocks were mixed Thursday after giving up moderate gains earlier in the session.  There was no particular catalyst other than the markets had been oversold coming into the day and were prone to a 'dead cat' bounce at some point.  The S&P 500 gained 0.2% while the NASDAQ was flat.  However...
U.S. stocks continued their losing streak with the S&P 500 down 0.7% and NASDAQ 0.4%, in yet another volatile session.  Markets dropped to their lowest point early in the session on rumors Greece would not receive their next tranche of bailout funds, but when news reports surfaced to reject...