Stocks Opened Lower on Euro Zone Concern

U.S. stocks retreated on Wednesday, amid worries about Italian efforts to form a coalition government. The Dow Jones Industrial Average fell 83.66 points, or 0.57%, to 14,475.99. The S&P 500 lost 8.69 points, or 0.56%, to 1,555.08. The Nasdaq Composite declined 17.58 points, or 0.54%, to 3,234.90.

Cyprus is finalizing capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders.

The 2014 Jeep Cherokee revives one of the brand’s hallowed nameplates, one that dates back nearly 40 years. But the Chrysler Group’s new crossover vehicle looks like it would fit better in Italian cousin Alfa Romeo’s future product stable.

Britain’s new banking regulator recommended Wednesday that the nation’s lenders increase their capital buffers by 25 billion pounds ($37.9 billion) by the end of the year to ensure they can cover potential losses and keep lending in the event of future crises.