Market recap: Stocks recovered some of their earlier losses after Eurogroup's Jeroen...

|By:, SA News Editor
Market recap: Stocks recovered some of their earlier losses after Eurogroup's Jeroen Dijsselbloem backtracked on comments that the Cyprus bailout is a template for eurozone bank rescues. In Europe, shares of banks were hit hard; U.S. bank stocks held up relatively better. Meanwhile, NY Fed's Dudley said the Fed must remain very accommodative since the labor market remains "far from healthy."