Stocks give up gains for second straight day
The stock market looks tired.
Stocks closed mixed on Friday for a second day after investors grew pessimistic about the market's ability to keep its rally going.
There wasn't a clear reason for stocks' retrenchment. But analysts said the market does need a break from a climb that has now gone on for two months with few interruptions. The Dow Jones industrial average has advanced on 17 of the last 21 days.
"The market is extremely vulnerable to a pullback," said Christian Bendixen of Bay Crest Partners in New York.
The early gain in stocks came after the European Union and International Monetary Fund created a bailout program that will help Greece and other European nations facing rising debt.
But the gains faded as traders became uneasy after the extended string of advances, which have come on light volume.
The Dow rose 9.15 points, or 0.8 percent, to 10,850.36. The Standard & Poor's 500 index rose 0.86, or 0.07 percent, to 1,166.59, while the Nasdaq composite index fell 2.28, or 0.1 percent, to 2,395.13. - AP
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