Wall Street Mixed As Cyprus Rejects Bank Deposit Tax

Category: Markets / Finance / Mar 19, 2013 5:31PM EDT
Wall Street fell on Tuesday as fears over the levy on bank deposits in Cyprus overshadowed positive U.S. housing starts data. Hundreds of angry protestors demonstrated outside parliament in Cyprus and their demands were answered when parliament overwhelmingly rejected the proposed tax on bank deposits. Earlier in the session, data showed that housing starts climbed in February and new permits for construction rose to their highest since 2008. The Dow Jones industrial average .DJI edged up 3.76 points, or 0.03 percent, to 14,455.82 at the close after making a swing of 132.25 points from its session high to its intraday low. The Standard & Poor's 500 Index .SPX fell 3.76 points, or 0.24 percent, to finish at 1,548.34. The Nasdaq Composite Index .IXIC slipped 8.50 points, or 0.26 percent, to close at 3,229.10. (Video Source: REUTERS)