NEW YORK—US stocks closed mostly lower Tuesday amid concerns that Greece will default on its public debt and as investors awaited the end of a Federal Reserve meeting hoping for new stimulus for the economy.
Erasing earlier gains, the Dow Jones Industrial Average rose 10.75 points (0.09 percent) to 11,411.76 in closing trade.
The broader S&P 500 fell 1.64 points (0.14 percent) to 1,202.45, while the tech-heavy Nasdaq Composite dropped 22.59 points (0.86 percent) to 2,590.24.
Investors shrugged off S&P’s one-notch downgrade of Italy’s credit rating late Monday and focused on Greece’s continuing bailout talks with its lenders, the European Union, European Central Bank and International Monetary Fund, for a new installment on its rescue package to avoid a debt default.