Yesterday, the US markets ended lower. The Dow Jones industrial average ended down 120.79 points, or 0.93%, at 12,822.57. The S&P 500 Index closed down 13.85 points, or 1.01%, at 1,362.66.
In an interview to CNBC-TV18, Richard Ross, Auerbach Grayson says, it is a pretty disappointing finish to an otherwise strong week. "It is a sloppy finish to an otherwise strong week. I think there are still signs of optimism as we head into next week," he adds.
Also read: US mkts snaps 3-day winning streak on renewed Europe fears
Below is the edited transcript of his interview on CNBC-TV18.
Q: We had some strong days this week in the US markets. What on Friday?
A: It is a pretty disappointing finish to an otherwise strong week. Yesterday, macro fears out of Europe resurfaced. You see the Spanish index down almost 6%, you see those Spanish yields testing the highs that we saw in June, testing a high that goes all the way back to 1996. Thats the type of high you dont want. The