Tuesday Trading Cheat Sheet: 3 Stories That Moved Markets

The U.S. equity markets closed on a mixed note on Tuesday.

At the close: DJIA: +0.03%, S&P 500: -0.24%, NASDAQ: -0.26%.

Here are three stories that helped move markets on Tuesday:

1) On Tuesday, Cyprus’s 56-member parliament voted on and rejected the controversial levy on bank deposits that European Union finance ministers made a condition of the bailout package that was requested by President Nicos Anastasiades over the weekend. Although the results were widely expected — the measure was denied by a landslide 36 against, 19 abstaining, and one absence — it complicates the currency bloc’s efforts to stabilize its economy.

As initially proposed, the levy would charge 6.7 percent against deposits below 100,000 euros ($129,450), and 9.9 percent against deposits greater than that. A revised proposal eliminated charges against deposits of less than 20,000 euros ($25,770), but even if the edited bill was passed the nation would face a funding gap for the 5.8 billion euros ($7.51 billion) that was asked of them… (Read more.)