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Published: Wednesday, 5/23/2012

News on Greece, euro depresses stock indexes

BLADE STAFF AND NEWS SERVICES

NEW YORK -- A late-in-the day report that Greece was preparing to abandon the euro sent the Dow and Nasdaq averages lower Tuesday.

A 50-point gain in the Dow Jones industrial average turned into a 57-point loss in 45 minutes. A last-minute recovery left the Dow down just 1.67 points at 12,502.81.

The Nasdaq composite dropped 8.13 points to 2,839.08. The Standard & Poor's 500 inched up 0.64 point to 1,316.63; it was up 12 points earlier in the day.



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