Greek Drama Stirs Volatility on Wall Street
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It was the lowest settlement value since early February. Wholesale New York harbor gasoline rose 0.68% to $2.99 a gallon. 

In metals, gold tumbled $34.60, or 2.1%, to $1,605 a troy ounce -- the lowest level since January.

Volatility jumped 10% in mid-day trading, but ended the day higher by less than 2%, as tracked by the CBOE's VIX. The yield on the 10-year U.S. Treasury slumped 0.042-percentage point to 1.837% as traders shifted into the safe-haven asset. 

Greek Worries Flare Up

Elections over the weekend in Greece saw the two mainstream political parties there failing to hold a combined majority in parliament. The PASOK and New Democracy parties had been critical players in drafting agreements with eurozone leadership on implementing deficit-cutting measures in exchange for bailout funds needed to avoid a default. 

Reeling from the painful economic consequences of the austerity measures, votes were distributed between PASOK, New Democracy and several other parties, all of which are trying to push for their own policies.


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(Data as of 2014-04-17 8:31 GMT+00:00)
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