More importantly, the Euro, a favorite short here at KOTM, spiked 1% against the dollar to reach a weekly high around $1.2285.
In corporate news, Sprint surged 19.44% after the telephone company announced a narrower than expected loss in the second quarter. Exxon Mobil raised 1.37% after the oil production company reported earnings rose by 49%. However, lower energy prices and production did diminish earnings slightly. Finally, shares of Zynga plummeted today, driving down 40% today and dragging down Facebook with it. Facebook shares shrank near 8% after Zynga’s drop and poor earnings in their earnings debut.