12,965.69 
15.82(0.12%)
15.82(0.12%)
By: JeeYeon Park
CNBC.com Writer
CNBC.com Writer
Stocks finished narrowly mixed in
choppy trading Tuesday, pressured by steep oil prices and as investors were
quick to book profits following a deal announcement in Greece.
The Dow briefly broke through the
key 13,000 level for the first time since May 2008, but failed to close above
the milestone.
The Dow Jones Industrial
Average eked out a small gain of 15.82 points, or 0.12 percent, to
end at 12,965.69, after rallying to the psychologically-important 13,000 level
for the first time in almost four years earlier in the session.
The S&P 500 added
0.98 points, or 0.07 percent, to finish at 1,362.21. The Nasdaq slipped 3.21
points, or 0.11 percent, to close at 2,948.57. The CBOE Volatility
Index, widely considered the best gauge of fear in the market,
closed above 18.
“You may get some people saying:
‘We’re back to where we were several years ago and maybe we can move on from
here,’” said Art Cashin, director of floor operations at UBS Financial Services.
“I’d like to hope that’s true, but so far, it’s all psychology and there’s no
following through—there was no burst of enthusiasm that followed [13,000].”
Euro zone finance ministers sealed
a 130 billion euro ($172 billion) bailout for Greece to
avert a default in March, after persuading private bondholders to take greater
losses and the Greek government to commit to deep cuts.
However, European shares closed
lower after hitting seven-month highs in
the previous session, with strategists saying the focus would now turn to the
bleak outlook for Greece's economy after the country secured a bailout package.
“We’re now seeing a cautious
market that’s been expecting a closure to the Greek deal and a market that’s
confronted with other problems," said Peter Cardillo, chief market economist at
Rockwell Global Capital
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