Financial authorities in Korea announced on Sunday a complete ban on short selling from Monday until the end of June next year. The temporary ban was announced after financial authorities discovered rampant illegal short selling practices by global investment banks.
the s&p and nasdaq both up about a half percentage point. for the week after all the wild volatility we ve seen the markets made it, well, back to almost their starting point. all three indexes down less than two percentage points from where they began. good news overseas, too. european shares closed higher in the wake of a ban on short selling italy, spain, belgium, and won back its title as most valuable company in america. exxon/mobil, a rise in oil prices boosted exxon back into the top spot. consumer sentiment dropped since the 1980s. the debt ceiling debate are weighing on consumers mints. that s it from cnbc. first in business worldwide. now back to hardball.