Indices ended in red territory on Monday. Stocks traded lower amid renewed euro zone concern. Word of a levy on banks in Cyprus may have resulted in investor caution today on Wall Street. Meanwhile, crude oil futures added 29 cents to settle at $93.74 a barrel. In ratings action, Bank of America lifted Siemens to buy from Neutral and Wells Fargo reduced Teva to market perform from outperform. Elsewhere in ratings, Citigroup boosted both Vodafone and Verizion to buy from neutral. Looking ahead, the Federal Open Market Committee is set to begin a two-day meeting tomorrow.
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