Markets
Wall Street pares losses after Greece deal report
NEW YORK : US stocks sharply pared losses on Thursday and the Nasdaq turned positive after a Reuters report that Greece
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NEW YORK: US stocks sharply pared losses on Thursday and the Nasdaq turned positive after a Reuters report that Greece had reached an agreement with European Union and International Monetary Fund inspectors on a five-year austerity plan.
The Dow Jones industrial average dropped 89.95 points, or 0.74 percent, to 12,019.72. The Standard & Poor's 500 Index fell 7.56 points, or 0.59 percent, to 1,279.58. The Nasdaq Composite Index gained 8.98 points, or 0.34 percent, to 2,678.17.
Copyright Reuters, 2011
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