Markets Shrug Off Completion of Greek Debt Deal

By: Associated Press
By: Associated Press

New York, NY (AP) - U.S. stocks struggled for direction, with the Dow and S&P ending higher but the Nasdaq falling.

The Dow Jones industrial average stayed above its previous close for most of the day Monday, closing up 38 points at 12,960.

The Standard & Poor's 500 and the Nasdaq composite index spent much of the morning and early afternoon in the red, then wavered between small gains and losses. The S&P was virtually unchanged at day's end, up 0.22 percent at 1,371. The Nasdaq was down 5 points at 2,984.

Greece reached a deal with private investors that would require the investors to take big losses but would also trim the country's giant mountain of debt. Observers worried it will be difficult for Greece to attract investors in the future.

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  • by Gerry on Mar 13, 2012 at 06:13 AM
  • by Gerry on Mar 12, 2012 at 07:51 PM
    I did not make the post at 5:22
    • reply
      by Gerry on Mar 13, 2012 at 05:51 AM in reply to Gerry
  • by Gerry Location: Tallahassee on Mar 12, 2012 at 02:22 PM
    As of 17:00 ET, Mar 12, the US borrows for 10 years at 2.03%. Total US national debt on 3/9/12 = $15.517 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.890 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info =
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