After climbing higher most of the day, the Dow Jones Industrial Average
Investors seemed to be unfazed by elections in Europe over the weekend, though the expected results could have already been priced. France voted in Socialist candidate Francois Hollande, who has promised to fight against the austerity medicine prescribed by Germany, and instead push for economic growth through stimulus. Greek voters, meanwhile, rebuked their two leading parties, but the party that won the most votes in the election, New Democracy, has already announced it was unable to form a coalition. Two parties now have a shot at doing so; otherwise, new elections will take place soon. The instability casts doubt on Greece's future, in particular $4.3 billion in refinancing dependent on the government's cutting $15 billion from its budget in June.
Turning to Dow components, Bank of America
Also of note, at a wireless conference in New Orleans, AT&T
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