Login  /  Register  | 3 premium articles left before you must register.

Euro worries collar Wall Street bears

Published March 28. 2013 4:00AM

New York - U.S. stocks finished with limited losses on Wednesday, with the S&P 500 index stalled just points from its record close, as worries over Europe's debt troubles abated.

"The situation in Cyprus was relatively unique; I don't think they'll try to replicate that again," Robert Pavlik, market strategist at Banyan Partners, said of a controversial tax on bank deposits that's part of Cyprus's bailout agreement.

"Europe has its problems, but most of it has been factored" into the U.S. stock market, he added.

The Dow Jones industrial average fell 33.49 points, or 0.2 percent, to 14,526.16. Twenty of the Dow's 30 components ended in the red, led by JPMorgan Chase & Co., off 1.8 percent.

The S&P 500 index shed 0.92 point, or less than 0.1 percent, to end at 1,562.85, leaving it within points of its all-time closing high.

The S&P 500 on Tuesday finished less than 2 points from its all-time close.

News by Town

Most Recent Poll
Automation and DIY are all around us, from the end of human toll takers on the Golden Gate Bridge to self check-out to the new mobile app Summly, which summarizes articles for you. What do you think of this trend?
Let's face it, machines are smarter and more efficient. It's a good trend.
Automation is great when it works, but when it doesn't, you still need a human.
Human interaction is overrated. Bring on the droids.
I don't use self-checkout. It just helps the store's profit margin by taking people's jobs
Number of votes: 561

No current items found