News Summary: Stocks mixed as euro crisis festers

AP News

6/18/2012 4:39:30 PM - AP News

WHITHER RALLY? U.S. stocks closed mixed on Monday despite what had appeared to be a hopeful turn in the European debt crisis: a victory for pro-Europe parties in a Greek election. Europe's broader financial burdens overshadowed whatever breathing room the election provided.

BUCKET LIST: Attention shifted toward Spain and Italy, both of which will require international help if they can't convince bond investors that their finances are sound.

PAIN IN SPAIN: The yield on Spanish 10-year bonds jumped as high as 7.18 percent, the highest since Spain joined the euro. Greece, Ireland and Portugal needed bailouts after their borrowing costs rose above 7 percent.