Wall Street closes mixed on European situation

FXstreet.com (San Francisco) - The US stocks market has closed Tuesday mixing red and green numbers as investors were concerned on European uncertainty and the Cyprus bank-deposit levy. Lately the market eased previous losses as Cyprus voted no to the levy and stocks traded higher.

The Dow Jones added 3.76 points or 0.03% after late-day rebound to close at 14,455.82. The S&P 500 eased 3.76 oints or 0.24% to finish at 1,548.34 in its 3rd negative day, longest streak in 2013. The Nasdaq Composite declined 8.49 points or 0.26% to end at 3,229.10.

Mar 19, 2013

Cypriot levy rejected, European leaders weigh in

Cyprus’s parliament rejected an unprecedented levy on bank deposits, rendering a blow to European plans of coercing depositors to shoulder part of the country’s rescue in a standoff that risks renewed tumult in the euro area.

Session Recap: Euro pressured on Cyprus vote

The Euro traded heavy on Tuesday as Cyprus situation pressured down the single currency against its majors competitors. The Cypriot parliament rejected the bank-deposit levy proposal with no votes in favor and in this line, Cyprus blocked the €10Bn bailout.