Tuesday 19 March 2013

INQUIRER.net: US stocks hold up despite Cyprus crisis

INQUIRER.net
Philippine News for Filipinos
US stocks hold up despite Cyprus crisis
Mar 20th 2013, 01:50

NEW YORK—US stocks closed mixed Tuesday, holding on as the Cyprus financial crisis threatened to ignite more turmoil across the European financial system.   Stocks actually rebounded from early losses after the Cyprus parliament rejected the controversial bank deposit tax that is key to the country's financial rescue, putting the entire EU-IMF bailout plan into question.   The Dow Jones Industrial Average finished up 3.76 points (0.03 percent) at 14,455.82.   The broad-based S&P 500 fell 3.76 (0.24 percent) to 1,548.34, while the tech-rich Nasdaq Composite Index lost 8.49 points (0.26 percent) at 3,229.10.   US markets and the dollar ...

Keep on reading: US stocks hold up despite Cyprus crisis

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