BofA Sheds Weight and Cyprus Rejects Bailout Conditions: Market Recap
The markets were mixed today on Wall Street. Cyprus’s 56-member parliament voted on and rejected the controversial levy on bank deposits that finance ministers made a condition of the bailout package that was requested by President Nicos Anastasiades over the weekend.
At the close: DJIA: +0.03%, S&P 500: -0.24%, NASDAQ: -0.26%.
On the commodities front, WTI crude oil (NYSEARCA:USO) fell 1.79 percent to $92.06 per barrel. The yield on the 10-year T-note fell 0.053 points to 1.903 percent. Gold (NYSEARCA:GLD) futures for April delivery, the most active contract, increased $6.70 to close at $1,611.30 per ounce, while silver (NYSEARCA:SLV) futures for May edged 3 cents lower to finish at $28.84.