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U.S. markets recover from steep losses
NEW YORK, Feb. 14 (UPI) -- U.S. markets stocks recovered at the end of the day Tuesday to close slightly higher despite ongoing worries about Greece and disappointing retail figures.
Markets opened lower as Moody's Investors Service downgraded credit ratings for six European countries, including Spain and Italy.
Moody's also put France and Britain on notice that their triple A ratings were in jeopardy. Britain's rating was given a negative status.
The U.S. Commerce Department said retail sales rose 0.4 percent in January after falling flat in December. Excluding automobiles, sales rose 0.7 percent in the month of January.
At the close, the Dow Jones industrial average gained 4.24 points, or 0.03 percent, to close at 12,878.28. The Standard & Poor's 500 index ended down 1.27 point, or 0.1 percent, to 1350.5. The Nasdaq composite index was up 0.44 point, or 0.02 percent, to 2,931.83.
The benchmark 10-year treasury note rose 9/32 to yield 1.92 percent.
The euro fell to $1.3124 from Monday's $1.3187. Against the yen, the dollar rose to 78.43 yen from Monday's 77.57 yen.
In Tokyo, the Nikkei 225 index rose 0.59 percent, 52.89, to 9,052.07.
In London, the FTSE 100 index shed 0.1 percent, 5.83, to 5,899.87.
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