Nasdaq turns positive

January 24th, 20125:09 pm @

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NEW YORK |
Tue Jan 24, 2012 11:23am EST

NEW YORK (Reuters) – Stocks cut losses and the Nasdaq turned positive on Tuesday as equities continued to show resilience after a five-day rally, but investors were cautious as talks to resolve Greece’s debt crisis faltered.

The Dow Jones industrial average .DJI dropped 34.47 points, or 0.27 percent, to 12,674.35. The Standard Poor’s 500 Index .SPX dropped 3.78 points, or 0.29 percent, to 1,312.22. The Nasdaq Composite Index .IXIC gained 1.32 points, or 0.05 percent, to 2,785.49.

(Reporting By Edward krudy; editing by Jeffrey Benkoe)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/mm3V_I8TNzo/us-markets-stocks-idUSTRE80M0LV20120124