U.S. stock prices bounced back on Tuesday, although trading volume was low as doubts remain on the outcome of the European summit this week. Consumer confidence was lower than expected confirming the slowing growth in the U.S. Spain’s sale of short term debt almost tripled its borrowing costs, while the downgrade by Moody’s of 28 of its banks and news that Cyprus has become the fifth Eurozone member to request bailout showed the troubled economic environment in the Eurozone. Read more
