US stocks Tuesday shrugged off the latest stumble in Greek debt talks
New York - AFP
US stocks Tuesday shrugged off the latest stumble in Greek debt talks as the S&P 500 edged to a new closing high.
At the closing bell, the S&P 500 was at 2,099.90, up 2.91 points (0.14 percent), the second straight record for the broad-based index.
The Dow Jones Industrial Average rose 22.38 (0.12 percent) to 18,041.73, while the tech-rich Nasdaq Composite Index added 5.43 (0.11 percent) at 4,899.27.
US stocks opened lower after the latest round of talks between Greece and the eurozone over restructuring its bailout ended abruptly Monday without agreement.
However, news later that Greece might be amenable to a compromise extension of its current bailout package helped the market rebound.
"The market is for the most part in wait-and-see mode today," said Michael James, managing director of equity trading at Wedbush Securities.