This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks Finish Mixed As Greece Worries Return


NEW YORK ( TheStreet) -- Wall Street finished on a mixed note Tuesday as concerns about Greece's potential exit from the eurozone resurfaced in the final hour of trading.

Stocks had been higher for most of the day, getting a lift from fresh data providing more evidence of an improving U.S. housing market and a lull in the negative headlines from Europe.

Late in the day though, former Greek Prime Minister Lucas Papademos was quoted as saying the country was considering preparations for a potential exit from the single-currency bloc.

European leaders are set to meet Wednesday to discuss ways to soften austerity measures that are causing political turmoil in Greece and other weaker European nations. They will also discuss other controversial policies including the creation of eurozone bonds, which has been stiffly resisted by Germany.

The Dow Jones Industrial Average finished just below the flat line, down 1.5 points to close at 12,503. Earlier in the session, the blue-chip index traded as high as 12,576.

The S&P 500 inched up less than a point, or 0.15%, to finish at 1316. The Nasdaq slid more than 8 points, or 0.3%, to settle at 2839.

Breadth within the Dow was mixed with 15 components losing ground, 14 in the green, and Walt Disney (DIS) closing unchanged. Alcoa (AA) and Pfizer (PFE) were among the bigger percentage losers within the blue-chip index.

Bank of America (BAC) and JPMorgan Chase (JPM) enjoyed the biggest gains.

Shares of JPMorgan were up nearly 5%, even as regulators at the Securities and Exchange Commission and the Commodities Futures Trading Commission said they were investigating its recently disclosed $2 billion trading loss.

In the broad market, capital goods, financials and utilities were the strongest sectors, while energy and basic materials stocks slumped.

After the bell, shares of Dell (DELL) were shedding nearly 9% after the PC giant reported disappointing first-quarter results and gave a weak guidance, citing a "challenging" economic environment.

Stocks were higher most of the day though, getting some lift after the National Association of Realtors reported that existing home sales rose 3.4% to a seasonally-adjusted-annual-rate of 4.62 million in April, which was slightly above expectations of 4.6 million units, according to economists surveyed by Thomson Reuters. The April figure rose from the downwardly-revised March rate of 4.47 million.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
FB $89.89 3.05%
AAPL $112.34 4.29%
GOOG $614.34 2.77%
TSLA $247.69 3.80%

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs