The stock market has taken a decisive turn lower this afternoon.
Right now, the S&P 500 is down 0.7 percent on the day. It hit an intraday high around 11:45 AM ET and has moved sharply downward since.
The economic data out this morning were generally better than expected, but it's shaping up to be a bit of a wild day in Cyprus.
The chart below shows the move on the right.
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