Stock fell this morning,as investors cheered better-then-expected results from Ford,3M,and DuPond but worried about Greece debt troubles would spread to other European countries ,although a report on consumer confidence showed the highest level since September 2008.
Most Asian markets fell on concerns that Chinese regulators will try to slow the country's supercharged economic growth. The government has been trying to slow the country's real estate market in hopes of avoiding a speculative bubble.
Investors are also uneasy about debate in Congress on an overhaul of financial regulations. However, it's unclear when a Senate floor debate on the legislation will begin.
Meanwhile Goldman Sachs CEO Lloyd Blankfein and other top executives from the bank will be testifying on Capitol Hill Tuesday about the company's dealings in mortgage-backed securities during the credit crisis.
A disappointing report on housing showed more troubles in that market. The Standard & Poor's/Case-Shiller 20-city home price index showed its first annual growth rate in three years, but 11 of the 20 cities used in the index still showed a drop in prices.
(Source: Bloomberg,CNN, MSNBC...)
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