Stocks pare losses on hopes for Greek talks
February 15, 2012
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U.S. stocks pared losses in the last half hour of trading amid optimism Greek leaders will commit to austerity measures needed for a second bailout. The Standard & Poor’s 500 Index slid 0.1 percent to 1,350.50 at 4 p.m. New York time, trimming an earlier decline of as much as 0.8 percent. The Dow Jones Industrial Average rose 4.24 points, or less than 0.1 percent, to 12,878.28 today. Stocks recovered after Reuters reported that Greece’s Conservative Party leader will deliver a letter of commitment to lenders tomorrow, citing a government source.
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