NEW YORK – Stocks were mixed Wednesday afternoon as questions mounted over whether Greece will hammer out a cost-cutting deal it needs to keep from defaulting on its debt.
After climbing in early trading, the Dow was down 15 points to 12,863 at 1 p.m. The Standard Poor’s 500 index fell less than a point to 1,347. The Nasdaq composite edged up 2 to 2,906.
Ralph Lauren rose 10 percent after beating analysts’ estimates for quarterly earnings, a sign that wealthy customers are still spending even as the economy struggles with high unemployment. Whole Foods, another company aimed at wealthier shoppers, rose 2 percent. Buffalo Wild Wings shot up 14 percent after reporting income and revenue that easily beat analysts’ estimates.
Caesars Entertainment Corp., a major casino operator, shot up 76 percent to $15.80, from its original pricing of $9 on its first day as a public company. That was a sign of confidence for a company that tried to go public in late 2010 but nixed the plan after a couple of weeks, blaming market conditions.
Rick Fier, vice president of equity trading at Conifer Securities in New York, cautioned that even though many companies are turning in strong earnings, overall
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