Wall Street climbed higher, shrugging off weakness in the Eurozone amidst concerns over lingering banking crisis in the region. The 4.9B euro bailout of Portugal’s Banco Espirito Santo (BES) should contain the crisis from spreading but this also indicated that the Eurozone debt crisis remained a risk. Commodities were mixed.
Originally posted here:
Bailout of Portugal’s Bank Signaled Lingering Eurozone Banking Crisis
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