Wednesday’s session ended in the red zone. Brands such as JPMorgan Chase, Bank of America, Caterpillar and Cisco traded lower on renewed euro zone concerns. Stocks took a breather amid word that banks in Europe, which had borrowed billions from the European Central Bank last week, had deposited majority of it — nearly $600 billion in overnight loans — right back with the ECB. On another note, crude oil shed $1.98 to settle at $99.36 a barrel. Looking ahead to tomorrow, the Labor Department is set to release weekly data on jobless claims and the National Association of Realtors will issue monthly pending home sales.
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