Daily Wrap: 3/18/2013

Stocks dropped again today, but were off earlier lows as investors worried about Cyprus' plan to take money from bank deposits in order to find a bailout. Throughout the day, amendments to the original plan seemed to calm investors who were taken by surprise by the bold move. By the end of the trading session, the S&P 500 was down .6%, the Dow was down .45% and Nasdaq was down .47%.