Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
Shows & Panels
Stocks drop after turmoil in Cyprus sinks the euro
Monday - 3/18/2013, 10:04am EDT
NEW YORK (AP) -- Stocks are slumping on Wall Street and Europe after shock over a proposed tax on bank savings in the tiny Mediterranean nation of Cyprus sent the euro sinking against other currencies.
The measures being proposed in Cyprus are stoking fears of bank runs in the other 16 nations that use the euro.
The Dow Jones industrial average was down 74 points at 14,440 shortly after the opening bell Monday. That's a loss of half a percent.
The Standard & Poor's 500 index was down 12 points, or 0.8 percent, at 1,548. The Nasdaq composite fell 26 points, or 0.8 percent, to 3,222.
Benchmark indexes were down 1.3 percent in Germany and 1.4 percent in France.
The euro fell about 1 cent against the dollar to $1.29.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.