AI
Friday, February 17, 2012 3:44:43 PM
US Stocks Drift Higher As Investors Look For Greek Debt Deal
The Dow Jones Industrial Average edged higher Friday after European leaders signaled progress toward an agreement on a second bailout for Greece.
Trading was subdued, jeopardizing the chances for major indexes to hit multiyear milestones ahead of the long, holiday weekend. The Dow advanced 50 points, or 0.4%, to 12954, in afternoon trading, within striking distance of 13000, a level last hit in May 2008. The Dow had climbed 123 points Thursday.
The Standard & Poor's 500-stock index rose three points, or 0.2%, to 1361, three points below a nearly four-year high. The Nasdaq Composite fell eight points, or 0.3% to 2952, after closing Thursday at an 11-year high.
SPX broke critical top 1360 today
The Dow Jones Industrial Average edged higher Friday after European leaders signaled progress toward an agreement on a second bailout for Greece.
Trading was subdued, jeopardizing the chances for major indexes to hit multiyear milestones ahead of the long, holiday weekend. The Dow advanced 50 points, or 0.4%, to 12954, in afternoon trading, within striking distance of 13000, a level last hit in May 2008. The Dow had climbed 123 points Thursday.
The Standard & Poor's 500-stock index rose three points, or 0.2%, to 1361, three points below a nearly four-year high. The Nasdaq Composite fell eight points, or 0.3% to 2952, after closing Thursday at an 11-year high.
SPX broke critical top 1360 today
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