Wall Street ended virtually unchanged
U.S. stocks ended little changed Tuesday after a session hesitant investors welcoming the agreement on a second level of aid to Greece while being tempted by some profit taking.
The Dow Jones gained 0.12% or 15.82 points to 12,965.69 points. The Standard & Poor's, wider, ended almost stable with a gain of 0.07% (0.98 points) to 1,362.21 points. The Nasdaq composite fell 0.11% or 3.21 points, to 2,948.57 points.
Markets were closed Monday for President's Day.
Under the deal pulled off by the euro area after thirteen hours of negotiations, Greece will see the debt burden reduced by EUR 130 billion of government loans and restructure the debt held by private creditors.
This plan can eliminate the risk of a Greek default in March but not solve all economic problems Greek temper analysts. Furthermore, the good news was expected.
In this context, it was tempting for investors who played the recent rise in the market to take some profits, especially as, in session Tuesday, the Dow Jones briefly topped the 13,000 points for the first time since May 2008.
Signs of improvement in the U.S. economy and the stabilization of the debt crisis in Europe helped the Dow Jones gaining over 20% since late 2011 and the S & P gain of more than 8% since the beginning of the year.
"We face a little selling pressure given the rebounding lately," said Fred Dickson, market specialist at DA Davidson & Co.
Values, Kraft Foods has gained 1.47% to 38.57 dollars. The food group provides an earnings growth of at least 9% this year.
Home Depot has nibbled 0.45% to 46.92 dollars. The chain of hardware stores has published a quarterly profit above the expectation.
Macy's has won 1.22% to 36.69 dollars. The operator of department stores reported revenue up and expected a further increase in its turnover this year.
Apple gained 2.5% to $ 514.85. The U.S. International Trade Commission (ITC) ruled that the manufacturer of the iPhone was not about infringement of a patented technology of mobile phone manufacturer HTC.
In contrast, Wal-Mart Stores fell 3.85% to 60.07 dollars. The worldwide distribution generated fourth-quarter earnings below the consensus due to lower prices for customers during win the holiday season and New Year.
The period of publication of quarterly results is nearing completion. According to Thomson Reuters arrested Tuesday morning on the 418 companies in the S & P have published their accounts, 64% show better than expected results This is a lower rate than in recent quarters.