National News
Stocks fall as Greek talks drag on
Posted: Feb 8, 2012 11:08 AM by AP
NEW YORK (AP) - Stocks are down as frustrations mount over whether Greece will hammer out a cost-cutting deal it needs to keep from defaulting on its debt.
After climbing in early trading, the Dow was down 45 points to 12,833 shortly before noon. The Standard & Poor's 500 index fell 3 points to 1,344. The Nasdaq composite fell 7 to 2,897.
Several stocks managed to rise despite the broad downward trend in the market.
Ralph Lauren rose 10 percent after beating analysts' estimates for quarterly earnings. Caesars Entertainment Corp., a major casino operator, nearly doubled to $17 from its original pricing of $9 on its first day as a public company.
Investors are still waiting for Greece to sign a deal with its creditors, a deal that has already missed numerous deadlines.
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