Friday's midday trade: stocks hover near recent highs

US stocks hovered near recent highs on Friday, with investors wary of making big bets heading into a holiday weekend when hopes are set for Greece's bailout plan to be approved. The market also was seen pausing from its rally as earnings season winds down. More than 80 percent of the S&P 500 companies have reported results, with 64 percent beating expectations.
The S&P 500 index has risen 8 percent this year. The Dow Jones industrial average rose 25.24 points, or 0.20 percent, to 12,929.32. The S&P 500 Index edged up 0.70 point, or 0.05 percent, to 1,358.74. The Nasdaq Composite dropped 12.04 points, or 0.41 percent, to 2,947.81.