The Dow Jones Industrial Average slipped 15 points, or 0.1%, to 12862 in early trade, after rising for five out of the past six days. The Standard & Poor's 500-stock index edged up 3.70 points, or 0.3%, to 1354.20 and the Nasdaq Composite added 20 points, or 0.7%, to 2952.
Leading the declines were industrials and telecommunications stocks. Caterpillar lost 0.7%, and AT&T lost 0.9%. Limiting losses were technology and financial stocks. Bank of America rose 1% and Hewlett-Packard gained 1.2%.
The gyrations came after a U.S. morning that saw European markets and U.S. stock futures rise after People's Bank of China Governor Zhou Xiaochuan said China's central bank will expand its investments of euro-denominated assets. Zhou also reiterated the view that the PBOC would become more involved with the European Financial Stability Facility.
But those gains evaporated after headlines suggesting euro-zone finance officials were looking to delay at least part of the latest Greek bailout, without triggering a default. The Stoxx Europe 600 saw an early 1% advance shrink to a 0.4% gain.
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