Stocks finished mixed Monday, recovering from their session lows, as investors shrugged off worries over the eurozone's ability to handle its sovereign debt woes following France and Greece's elections.
The Dow Jones Industrial Average posted its fourth-consecutive decline, slipping 29.74 points, or 0.23 percent, to close at 13,008.53.
H-P and Caterpillar led the laggards,while BofA rallied.
The S&P 500 gained 0.48 points, or 0.04 percent, to end at 1,369.58. The Nasdaq added 1.42 points, or 0.05 perecnt, to finish at 2,957.76. The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended below 19.
Among the key S&P sectors, financials gained, while techs lagged.
Financials were the session's biggest gainers, led by Bank of America, Goldman Sachs and Morgan Stanley . Analysts cited a potential government bailout for troubled Spanish bank Bankia as a boost for the financial sector.
"Oddly enough, the Greece and France elections have helped downplay the severity of our own domestic economic concerns, and turned the focus to the horrific immediate outlook for the eurozone," said Todd Schoenberger, managing principal at The BlackBay Group.Page 1 of 5 | Next Page