Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

U.S. Stocks Erase Early Gains as Investors Weigh Cyprus, Housing

U.S. stocks erased early gains as investors weighed growth in new-home construction with concern about a plan to impose a levy on bank deposits in Cyprus to help fund the nation’s bailout.

The Standard & Poor’s 500 Index was little changed at 1,552.48 at 10:32 a.m. in New York after climbing as much as 0.3 percent earlier.

Banks in Cyprus and stock exchange will remain closed at least until March 21 amid speculation lawmakers may postpone the vote on the bank levy that’s planned for later today. The 5.8 billion-euro ($7.5 billion) raid on bank accounts, intended to cut the cost of a rescue package to 10 billion euros, sparked outrage when Cypriots woke March 16 after marathon talks in Brussels to find bank transfers blocked.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.