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
To stay up to date, be sure to take advantage of our free My Watchlist feature. Get started by clicking one of these links:
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.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
More from The Motley Fool
Should You Buy Financial Stocks in 2018?
The financial sector did well last year, and the run may not be over.
These Bank Bets Put Even Bitcoin to Shame
Find out why you have less than a year left to use some of these unusual investments.
JPMorgan Chase (JPM) Q4 2017 Earnings Conference Call Transcript
JPM earnings call for the period ending December 31, 2017.