Stocks are lower this morning amid ongoing worries in Europe and as the S&P 500 hovers near long-term highs.
Index futures are down almost half a percent and have been weaking in the last hour. Most bourses across the Atlantic are shedding a full percentage point or more. Asian markets were positive in the overnight session following a strong move yesterday in the United States.
While Cyprus is implementing control measures to stabilize its banks, the onerous terms of the arrangement — confiscating money from large depositors — are making investors nervous. A poor debt sale and signs of continued political disarray in Italy are qadding to the concerns.
— Option Monster