Stocks mostly up after Nasdaq record, despite no Greece deal
Source: AP-Excite
By JOE McDONALD
BEIJING (AP) — Stocks turned higher in European trading on Friday, despite a lack of progress on Greece's bailout, as investors cheered the Nasdaq's record close. Chinese and Japanese shares fell on weaker global manufacturing data.
KEEPING SCORE: France's CAC-40 rose 0.5 percent to 5,204.63 and Germany's DAX gained 0.6 percent to 11,793.67. Britain's FTSE 100 added 0.3 percent to 7,078.10. On Wall Street, futures for the S&P 500 and Dow were both 0.1 percent higher.
GREECE: A meeting between Greece and its eurozone creditors on Friday ended without a deal, but only the warning from a top official that "significant" more progress is needed in the talks. Hopes were low going into the gathering and pressure is growing on Greece, whose finance minister faced "critical" remarks from his eurozone colleagues, according to Jeroen Dijsselbloem, the head of the eurozone finance meetings. The lack of a deal keeps uncertainty over Greece, which is forecast to have enough money only for another few weeks.
NASDAQ RECORD: Investor sentiment was buoyed after the Nasdaq rose on Thursday to 5,056.06, above the record of 5,048.62 it set on March 10, 2000, at the height of the dot-com bubble. The Nasdaq today is dominated by Apple Inc., which makes up 9.7 percent of the index, instead of shooting stars such as Pets.com, Geocities or WebVan that flared and died in the dot-com bust.
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Market data is displayed on the screens at the Nasdaq MarketSite in New York, Thursday, April 23, 2015. The Nasdaq composite has closed at a record high for the first time since the dot-com bubble of 2000. (AP Photo/Seth Wenig)
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