CLOSING BELL

Dow 10748.26  -36.88, Nasdaq 2375.31  +0.64, S&P 1155.79  -3.94 

Stocks ended the day mixed after beginning the day lower.  The selling started with the market off -1% on questions about the EU’s ability to remedy the situation that is at the cause of Greece’s and other EU counties debt issues.  I believe that the recent plan announced is only a temporary fix and that major changes within their entitlement societies need to occur or we will be revisiting the same issues in the future.

The markets are also questioning the plan as evident in the price of credit default swaps on Greek debt.  The price of such default swaps continue to rise indicating that the markets believe that Greece will still default on their debt.

Financials and tech stocks helped push the broader market to its session high today, the financial sector was up +1.2% and the tech sector was up +1.1%. However, both sectors ended up retreating to a -0.5% loss.

Gold continues to be a safe haven, gold prices pushed +1.7% higher to close at $1220.30 per ounce.

Advancing Sectors: Utilities +0.2%

Declining Sectors: Materials -1.1%, Energy -0.8%, Tech -0.5%, Financials -0.5%, Industrials -0.2%, Health Care -0.2%, Telecom -0.1%, Consumer Staples -0.1%

Unchanged: Consumer Discretionary