US Stocks Mixed As Greek Bailout Talks Inch Along

By: AP
By: AP

NEW YORK (AP) -- Stocks are mixed on Wall Street as Greece inches closer to a deal to resolve its debt crisis.

The Dow Jones industrial average gave up an early gain and is down 23 points to 12,855 shortly before noon. The Standard & Poor's 500 edged up 5 points to 1,355. The Nasdaq composite rose 24 to 2,956.

Greece was a shadow hanging over the market, as it has been for many weeks, as the Mediterranean country tries to secure a deal with its lenders.

Comcast climbed 5 percent after the cable provider reported profit and revenue that beat Wall Street expectations. Zynga plummeted 13 percent after the company, which makes popular Facebook games like FarmVille, said it lost money in the fourth quarter.

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  • by Nath Location: Colo Spgs on Feb 15, 2012 at 09:46 AM
    Why does a little country with a GDP and debt smaller than many of our states have such an impact on our markets? Derivitives. The big mega-banks in the U.S. hold trillions in European derivitives and our FED, with cooperation from the Treasury, holds trillions in Euros through currency swaps, holding up Europe's fiscal house of cards. If the Euro fails so goes the derivitives and that will bring down our big banks and the dollar. The dollar should have never been removed from the gold standard and tied to the globalist IMF. The dollar valued at $1.00 in 1913 (the year the FED was created) was worth 4 1/2 Cents in 2008. With the massive money printing since 2008, the dollar is worth even less today. You better hold onto your gold and silver. A postage stamp could cost millions of dollars in the near future, think of what a gallon of milk will cost. Germany went through this in 1923.
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