The Slovakian government agreed today to increase the size of the European Financial Stability Facility, removing a hurdle to Europe’s plans to bail out governments and recapitalize banks, according to various news reports. The market, however, may have been expecting the news: the Dow is still down about 1% and the S&P 500 is off 1.2%, despite the reports about the vote.
Financial stocks may be more fixated on the details of JPMorgan Chase’s (JPM) earnings report than the latest vote.
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