Markets Pare Gains on Greek Bank Concerns

FOX Business: The Power to Prosper Wall Street backed off session highs but mostly remained in the green Wednesday afternoon as a report about the European Central Bank cutting off funding to beleaguered Greek banks briefly offset enthusiasm for U.S. economic reports. Today's Markets As of 1:02 p.m. ET, the Dow Jones Industrial Average rose 21.69 points, or 0.17%, to 12653.61, the Standard & Poor's 500 gained 1.36 points, or 0.10%, to 1332.02 and the Nasdaq Composite fell 1.46 points, or 0.05%, to 2892.28. Even with the markets paring their gains, they still have a chance to break a three-day slump largely caused by jitters about Europe's never-ending sovereign debt mess. The markets were encouraged on Wednesday by stronger-than-expected data on U.S. housing starts and factory production, as well as bullish developments for Target (TGT: 55.41, +0.33, +0.60%) and Facebook's highly sought after initial public offering. Continue reading this article

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