Stocks edged lower on Tuesday, ending a five-day rally for the S&P 500, as talks to resolve Greece's debt crisis hit a snag and earnings from a number of blue chips disappointed investors.
Greece moved closer to the possibility of a chaotic default as talks to restructure the country's debt stalled. However, the U.S. market has been less sensitive to the Greek drama of late.
"The situation in Greece has raised concerns and the market has pulled back, but I don't think it is impacting the market as much (as before)," said Doug Cote, the chief market strategist at ING Investment Management.
Dow Jones Industrial Average (^DJI)
-DJI| Prev Close: | 12,708.82 |
|---|---|
| Open: | 12,708.37 |
| Day's Range: | 12,613.76 - 12,708.52 |
|---|---|
| 52wk Range: | 10,362.30 - 12,928.50 |
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