Wall Street Falls On Cyprus, Oracle Despite Positive Jobless Claims Trend & Manufacturing Data

Category: Markets / Finance / Mar 21, 2013 12:11PM EDT
Wall Street edged lower on Thursday on continuing Cyprus fears and after Oracle reported sales that were below expectations. Shares of Oracle were down 8.3 percent to $32.79. Although jobless claims ticked up for last week, the four-week moving average fell to the lowest level since February 2008. Other data released Thursday also showed that existing home sales touched a three-year high, while U.S. manufacturing growth picked up in March. (Video Source: REUTERS)