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GREECE FEARS LOOM OVER MARKET

Associated Press

NEW YORK - Investors on Wall Street fretted Tuesday that a deal to keep Greece from triggering a financial crisis might fall apart, and a slew of corporate earnings reports at home didn't make them feel much better.

The Dow Jones Industrial Average closed down 33.07 points at 12,675.75. The Standard & Poor's 500 ended in the red for only the third time this year, losing 1.35 points to close at 1,314.65. The Nasdaq added 2.47 points to close at 2,786.64 after a day of wavering between small gains and losses. The Nasdaq has led major the stock indexes in January with a 7 percent gain.

Technology stocks could be in for a strong day Wednesday. After the market closed Tuesday, Apple trounced analysts' estimates for its revenue and profit. Its stock shot up 9 percent in after-hours trading.

Rising stocks slightly outnumbered falling ones on the New York Stock Exchange. Trading volume was lighter than average at 3.7 billion shares.

In Europe, Greece's stock market index fell 5.5 percent. Stocks fell less than 1 percent in Germany, France and Spain and ended slightly higher in Italy.

A deal between the Greek government and the banks that hold Greek national bonds is considered crucial to the stability of the European financial system. Investors fear that if Greece can't pay its debt, it could trigger a panic.

"There's a lot of apprehension about the unknowns," said Brian Gendreau, market strategist for Cetera Financial Group. "It's not what people think they know about Europe. It's what they worry they don't know."

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