US stocks dipped in choppy trading as rising Spanish and Italian bond yields indicated increasing fear of euro zone debt crisis contagion despite a victory for pro-bailout parties in the Greek election yesterday.
The Dow Jones industrial average fell 26.71 points, or 0.21 percent, to 12,740.46. The S&P 500 Index d1pped 0.96 point, or 0.07 percent, to 1,341.88. The Nasdaq Composite gained 10.81 points, or 0.38 percent, to 2,883.61.
Meanwhile, euro zone stocks fell as the broader FTSEurofirst 300 index of top European shares closed 0.01 percent higher at 993.36 points, after gaining as much as 1.1 percent in morning trade.
In Asia, Nikkei share average topped 8,700 for the first time in a month after Greece’s pro-bailout parties won a parliamentary majority, easing fears of a messy euro zone exit.
The Nikkei rose 1.8 percent to 8,721.02, its highest closing level since May 22 and breaching above its 25-day moving average at 8,601.
The broader Topix rose 1.7 percent to 738.81, also hitting a one-month closing high.
buenosairesherald.com