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Market Wrap for Wednesday, March 27: Stocks Close Mixed as Nasdaq Turns Positive

The euro hit a 6-month low on Wednesday versus the greenback, with the EUR/USD falling around 0.65 percent to $1.2775.The falling euro signals that investors are becoming more and more concerned about a potential re-flaring of the European sovereign debt crisis in the wake of a bailout for Cyprus.Nevertheless, investors still appear content to ride a hot market as stocks climbed throughout the session after gapping lower at the open. At the end of the day, the Nasdaq had regained positive territory while the Dow and S&P recorded minor losses.Major AveragesThe Dow Jones Industrial Average fell 33 points, or 0.23 percent, to 14,526.The S&P 500 lost around 1 point, or 0.06 percent, to 1,563.The Nasdaq added around 4 points, or 0.12 percent, to 3,257.Pending Home SalesPending home sales data released on Wednesday morning showed that sales fell 0.4 percent in February compared to a 4.5 percent rise in January. This was well below economists consensus expectations which called for a 2.0 perc...

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