Investors focused on the European Central Bank’s surprise rate cut and mostly shrugged off fears over Greece. However, it remains unclear whether or not Greece will put its bailout to a public vote. Shares of investment banking firm Jefferies (JEF) were temporarily halted after the stock dropped roughly 20% on fears about the company’s European sovereign debt exposure. Qualcomm climbed after the chipmaker issued a better-than-expected sales forecast for fiscal 2012, citing growing demand for smartphones. The dollar was lower against the euro, the British pound and the Japanese yen.
