News on Greece, euro depresses stock indexes
5/23/2012NEW 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.