The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.

Billionaire activist Carl Icahn had withdrawn his campaign to block the leveraged buyout offer of Dell-Silver Lake.

News about a dinner meeting of billionaire activist investor Carl Icahn and Apple Inc chief executive Tim Cook prompted the tech giant's shares to increase by 2%.

New EU rules had been set to be implemented in 2018 left investors uncertain of their next move. The European Commission had set a new framework for bank bailouts in July as taxpayers expressed outrage over using tax money to fund lenders in financial trouble.

Market sources had told Reuters that Bank Gospodarki Żywnościowej (BGZ) SA would be getting a potential bid from PZU Group-backed Alior, a Polish lender.

In a company announcement, Telecom Italia SpA Chief Operating Officer Marco Patuano was appointed as interim chief executive due to former Chief Executive Officer Franco Bernabe quitting his post yesterday.

The Chinese government would be easing regulations for foreign lenders seeking to do business in the newly-opened Shanghai free trade zone.

The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.

Representative John Boehner was compared to a tantrum-throwing baby in a television commercial set to go live on Sunday night football.

Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.