OREANDA-NEWS. March 07, 2012. The US indices rose on Tuessday. S&P 500 Index declined by 1.54% while Russell was down by 2.06% with Financials (-2.26%) and Industrials (-2.26%) as the laggards. Put/call ratio went down to 1.29 and 90-110% skew was ip to 11.79. Advance/Decline ratio was at 19/470.

Technical situation, Greek concerns and pessimistic economic reports were the major reason for the sell-off.

Of 467 S&P 500 Index constituents the EPS of 316 and revenues of 262 companies beat expectations so far. In Europe 119 DJ Stoxx 600 companies topped expectations while 122 missed estimates.

Asian indices were mostly down on Wednesday. Chinese indices lost on average 0.5%. Hang Seng lost 0.66%, Japanese Nikkei was down by 0.8%. S&P/ASX 200 lost 0.24%.

ADP Payrolls, Consumer Credit data will be in focus in the US today.