Wall Street moved mildly higher today as the passage of several Greek austerity bills helped to ease the market's concern of a default. The S&P 500 will try to overcome a key level.
Stocks fell the most since the start of the year as the Greek bailout discussions hit another snag, ending the bullish momentum Wall Street had enjoyed thus far.
The euphoria on Wall Street could be ending as stocks continued to slump. News of more Greek bailout problems and statements from the Federal Reserve weighed on the market.
Stocks remained relatively quiet as investors head into a long weekend. Eyes are still fixed closely on Greece as several false starts to a new deal have the markets uneasy.
Wall Street could be fighting to maintain the bullish momentum as stocks retreated from multi-year highs, though investors remain optimistic regarding the economy's health.
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Despite trading higher earlier in the session, stocks faded toward the close but still stayed positive for the day. The Nasdaq, however, closed in the red.
Stocks ended flat with the Dow Jones Industrial Average and Nasdaq inching lower, and the S&P 500 ending slightly higher. Weaker than economic numbers curbed investor enthusiasm.
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Stocks slipped again to end the trading session slightly lower. The Dow Jones Industrial Average and S&P 500 both edged down, while the Nasdaq managed to end flat.
Wall Street ended lower today with the S&P 500 closing below the 1400 level as investors grow more concerned about Europe and China's economic growth prospects.