Stocks swung between losses and slight gains Thursday on reports that European leaders remain divided over efforts to fend off a larger financial crisis. The news out of Europe overshadowed an unexpected recovery in manufacturing in the Northeastern U.S.
Officials from the 17 countries that share the euro were scheduled to meet at a summit this Sunday to discuss ways to contain the damage. On Thursday, Germany and France called for a second emergency summit next week after it became clear that they would not be able to bridge their difference before the weekend meeting.
The Dow Jones industrial average rose 37.16 points, or 0.3 percent, to close at 11,541.78.
The S&P 500 index rose 5.51 points, or 0.5 percent, to 1,215.39.
The Nasdaq fell 5.42, or 0.2 percent, to 2,598.62.
For the week:
The Dow is down 102.71 points, or 0.9 percent.
The S&P 500 is down 9.19 points, or 0.8 percent
The Nasdaq is down 69.23, or 2.6 percent
For the year to date:
The Dow is down 35.73, or 0.3 percent.
The S&P 500 is down 42.25, or 3.4 percent.
The Nasdaq is down 54.25, or 2 percent.
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