Fitch Ratings said that U.S. banks have "manageable direct exposures" to the stressed European markets, and warned that further contagion posed a serious risk. Bank shares dropped steeply after Fitch's report hit.
Target's earnings rose sales improved and the retail giant's bad-debt expenses decline. TGT down 0.4% to 52.94.
ConocoPhillips agreed to sell its 50% stake in the Seaway Pipeline to Enbridge for $1.15 billion. The move sent crude oil futures surging 3.2%, as Traders said the move will unlock value in the crude, which has been largely confined to use by Midwest refiners because of its delivery to the landlocked Cushing, OK hub.