Here is Today’s Market Summary:
The market slumped Wednesday in one of its worst showings this year as Greece, slogging through negotiations with other countries over a bailout, once again cast a long shadow over the financial markets. The Dow dropped 97.33 points to close at 12,780.95. The S&P 500 fell 7.27 points to 1,343, and the Nasdaq lost 16 points to
2,915.
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The market finally got a deal in Greece, but it didn’t produce much of a rally. The Dow finished up 6.51 points at 12,890.46. The S&P 500 rose 1.99 to 1,351.95, and the Nasdaq climbed 11.37 to 2,927.23.
The market coasted on Thursday, leaving stocks unchanged while they looked ahead to Friday for a major jobs report. U.S. government bonds hardly moved, and neither did European stocks. The Dow closed down 11.05 points at 12,705.41. The S&P 500 rose 1.45, or 0.1 percent, to 1,325.54, and the Nasdaq climbed 11.41 points, or 0.4 percent, to 2,859.68.
The market fell slightly Tuesday on concerns that a deal to prevent a default by Greece might fall through. A slew of earnings also did little to bolster investors’ confidence. The Dow closed down 33 points at 12,676. It has risen or fallen less than 100 points in 13 trading sessions, the longest calm stretch since March and April of last year. The S&P 500 lost a point to close at 1,315, and the Nasdaq added 2 points to close at 2,787.
The market sold off during the last hour on Monday after European finance ministers failed to come up with the full amount of money pledged for a bailout fund. The Dow lost 100 points, or 0.8 percent to close at 11,766. The S&P 500 fell 14 points, or 1.2 percent, to 1,205, and the Nasdaq dropped 32 points, or 1.3 percent, to 2,523.
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