How the major stock indexes fared Tuesday

AP News
Posted: Jul 05, 2011 5:33 PM
How the major stock indexes fared Tuesday

The first week of July is off to a much slower start than the last week of June, when stocks had their biggest gains in two years.

Major indexes were mixed for much of the day Tuesday but dipped in afternoon trading after Moody's downgraded Portugal's debt to "junk." The credit ratings agency cited concerns that Portugal will not be able to meet targets to reduce its deficit due to the "formidable challenges" the country is facing in cutting spending.

The Dow Jones industrial average fell 12.90, or 0.1 percent, to close at 12,569.87.

The Standard & Poor's 500 fell 1.79, or 0.1 percent, to 1,337.88.

The Nasdaq composite index rose 9.74, or 0.3 percent, to 2,825.77.

For the year to date:

The Dow is up 992.36, or 8.6 percent.

The S&P is up 80.24, or 6.4 percent.

The Nasdaq is up 172.90 points, or 6.5 percent.