Stocks Wobble as Debt Worries Shift to Italy

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks have closed higher as investors responded to the latest twists in Europe's efforts to control its debt
crisis.

U.S. indexes were down for much of the day on worries that Italy
could become the next country to run into trouble. In Brussels,
finance ministers worked with Greek officials to ensure that
country got more emergency loans. Stocks turned higher in late
trading.

The Dow Jones industrial average rose 85 points, or 0.7 percent,
to close at 12,068.

The S&P 500 rose 8 to 1,261. The Nasdaq rose 9, or 0.3 percent,
to 2,695.

Rising stocks slightly outnumbered falling ones on the New York
Stock Exchange. Volume was lighter than average at 3.4 billion
shares.


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