S&P 500 extends its losses

Source: Dukascopy Bank SA
Most U.S. equities slumped for a third straight day after Cyprus rejected a tax levy on bank deposits to secure the bailout funds of the European Union. The S&P 500 Index retreated 0.2% to 1,548.34 for its longest losing streak this year. Six out of ten groups in the gauge declined. Electronic Arts Inc fell the most by 8.3% on speculation the current chief executive officer of U.S. video games maker is stepping down. Furthermore, Cardinal Health retreated 8.2% for the second biggest drop on the S&P 500, capping further gains in health care shares that were 0.12% up. Among best performers, Walgreen Company with a 5.4% rally to close at $44.74, as the retail drugstore operator agreed to a partnership. AmerisourceBergen Corporation followed and rose 3.6%, as it agreed on forming a partnership with Walgreen. First Solar shares added 3.4% to $27.84 to halt further decline in tech stocks that slipped 0.2%.

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Wed, 20 Mar 2013 08:32:10 GMT

Dow slightly higher on Coca-Cola and Procter & Gamble shares

Most U.S. equities retreated on Tuesday after European Central Bank announced it would provide liquidity to Cyprus within existing regulations and rules. Nicos Anastasiades, the Cypriot President, failed to gather support from Parliament for imposing losses on deposit holders that was the key requirement from European officials. The Dow Jones Industrial Average, however, climbed 0.03% to 14,455.82, as Coca-Cola Co.,

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