Summary box: Markets can't decide what to do

AP News
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Posted: Mar 12, 2012 4:43 PM
Summary box: Markets can't decide what to do

A WISHY-WASHY MARKET: The market couldn't make up its mind Monday. The Dow Jones industrial average did best, rising for most of the day and closing up nearly 38 points. The Standard & Poor's 500 and the Nasdaq composite index were in the red for most of the morning and early afternoon, then wavered between small gains and losses. The S&P 500 ended up just 0.22 point, the Nasdaq composite fell 5 points.

GREECE PLODS ALONG: Greece secured a deal that will reduce its mountain of debt by getting private investors to take big losses on their bond holdings. But the country is still in a deep recession and isn't sure how to claw its way out. Investors are worried that other European countries are also teetering near collapse.

A PLACE TO REST (THEIR MONEY): Mattress maker Sealy Corp. climbed 6 percent after its second-largest shareholder, H Partners Management, asked Sealy to shuffle its board and blamed the company's problems on the largest shareholder, private equity firm KKR & Co.