Stocks Finish Mixed in Ho-Hum Session
NEW YORK ( TheStreet) -- Stocks finished on a mixed note Monday as the pro-bailout party's victory in Greece over the weekend provided only a fleeting dose of relief to the eurozone debt crisis.
The election results quelled immediate concerns about Greece being on a path to leave the single-currency bloc but news of rising borrowing costs for Spain kept a lid on investor enthusiasm about the outcome.
The Dow Jones Industrial Average closed lower by 25 points or 0.20%, at 12,742. Earlier in the session, the blue-chip index sank as low as 12,696 and ranged less than 90 points on the day.
The S&P 500 added about 2 points, or 0.14%, to close at 1345. From its near four-year high levels in early April through the beginning of June, the benchmark declined by nearly 10%, landing it on the threshold of a correction. Since then, it's reclaimed some ground and now sits roughly 5% below a high of 1422 on April 2.The Nasdaq outperformed the other indices, advancing 22 points, or 0.78%, to close at 2895.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts