(NEW YORK) — The markets saw a small reversal of fortune Thursday after initially posting sharp losses as the Supreme Court ruled on President Obama’s health care law. Stocks made up some ground before the closing bell, though.
The Dow Thursday lost 25 points, closing at 12,692. It had been down more than 174 points in earlier trading. The Nasdaq gave up 26 points to close at 2,849. The S&P closed at 1,329 with a three point loss at the close of trading.
Stocks opened lower Thursday before the Supreme Court announcement upholding Obama’s health care law. But news that European countries are making progress in talks to resolve the region’s debt may have helped the markets bounce back in late trading.
Leaders from France, Germany, Italy and Spain assembled Thursday in Brussels where they discussed the potential integration of budgets and banking networks.
Copyright 2012 ABC News Radio
Paul R. La Monica, CNN
Parija Kavilanz, CNN
Patrick Ary, WAAY
Jackie Wattles, CNN