WINDERMERE, Fla. ( Stockpickr) -- U.S. stocks are stuck in a tight trading range today as market players digest news that China plans to stick to its commitment to invest in the battered eurozone and that European finance ministers were potentially going to delay payments on the latest bailout deal.
China's Central Bank Governor Zhou Xiaochuan said that China would play a role in helping Europe come back from its sovereign debt issues. It sounds like China is waiting until it knows for sure that Greek deal is going to get done before stepping in to the market and making a big capital commitment.
At last check, the Dow Jones Industrial Average was trading lower by 34 points, and the S&P 500 was advancing by 2 points. The tech-heavy Nasdaq was leading the major indices, jumping higher by 15 points. Despite the narrow range in the overall markets, a number of stocks are knocking on the door of major breakouts.
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