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.
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