Finally, the decision is here. This morning, the Supreme Court announced it will uphold the individual insurance requirement that made up the core of President Barack Obama's health care law. The mandate obliges most Americans to have health insurance by 2014 or pay a financial penalty. Stocks reeled at the news, as the Dow Jones Industrial Average
Uncertainty in Europe largely contributed to the losses on Wall Street, as European Union leaders grew increasingly skeptical that any meaningful progress would come of the crisis summit opening today. The euro hit a three-week low today, another sign pointing to further economic turmoil in the region. In London, the FTSE index dropped 0.6% over the pessimism. This drop was largely driven by Barclays' 15% drop after news broke of a hefty fine levied against the British bank for manipulation of interbank loan rates.
Barclays was not the only misbehaving bank making headlines, as JPMorgan
Tech stocks dropped as well, with Intel
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Charlie Kannel owns no shares of the companies mentioned above. The Motley Fool owns shares of Intel and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Intel and Pfizer. The Motley Fool has a disclosure policy.
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