LONDON: U.S. stocks closed higher, with the Dow and S&P 500 rebounding from their biggest losses of the year, as a last-minute diplomatic scramble got under way to keep Greece from defaulting on its debt payments.
But the 11th-hour talks came to naught. After markets closed in the U.S., the International Monetary Fund said Greece was in arrears after failing to make a payment due Tuesday.
The Dow Jones Industrial Average gained 23.16 points, or 0.1%, to 17619.51, while the S&P 500 index added 5.47 points, or 0.3%, to 2063.11. The Nasdaq Composite Index rose 28.40 points, or 0.6%, to 4986.87.
The gains closed out a ho-hum quarter for the U.S. stock market, leaving the Dow with a loss of 0.9% for the second quarter and the S&P 500 with a decline of 0.2%. The S&P 500 snapped a nine-quarter winning streak.
