Stocks end mixed as Greece negotiates to cut debt
BY ASSOCIATED PRESS January 23, 2012 9:18AM
In this Jan. 18, 2012 photo, trader Gregory Rowe, left, and specialist Glenn Carell work on the floor of the New York Stock Exchange. Hopes that Greece will eventually reach a deal with private creditors on lowering its debt supported markets on Monday, Jan. 23, 2012, as investors looked past delays in reaching an agreement that would further ease Europe's debt crisis. (AP Photo/Richard Drew)
Updated: January 23, 2012 3:32PM
NEW YORK — The S&P 500 index eked out a tiny gain on a day in which stocks swung between small gains and losses.
The S&P added less than 1 point to close Monday at 1,316. The Dow Jones industrial average and Nasdaq ended slightly lower.
European stocks and the euro rose after the continent’s finance ministers put pressure on banks that hold Greek government bonds to reach a deal to cut Greece’s debt.
Many energy stocks jumped as prices for natural gas and crude oil rose.
The Dow fell 12 points, or 0.1 percent, to 12,709.
The Nasdaq composite index fell 3 points, or 0.1 percent, to 2,784.
Nearly four stocks rose for every three that fell on the New York Stock Exchange. Trading volume was below average at 3.7 billion shares.
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