Market Flash:Market Down

Breakfast Bites: Markets are trading in negative territory this morning after the G-20 told Europe to come up with more financial firepower before they will consider lending outside support

  •  “The world economy is not out of the danger zone” International Monetary Fund Managing Director Christine Lagarde said.

  • The number of Americans signing contracts to buy previously owned homes, rose more than forecast in January (+2%), indicating that the industry that triggered that last recession is improving

  • Lowe's reports Q4 EPS 26c, consensus 24c. Reports Q4 revenue $11.63B, consensus $11.34B

  • The S&P 500 has halted a 2 day advance and has retreated from the highest level since June 2008