US stocks mixed as Greece negotiates to cut debt

NEW YORK (AP) ? Stocks are swinging between small gains and losses in midday trading.

European indexes and the euro rose Monday on hopes that Greece will reach a deal with private creditors on lowering its debt. The euro neared its highest level against the dollar this year.

The Dow Jones industrial average is down 24 points to 12,696 as of 11:45 a.m.

Creditors are in negotiations with the Greek government to reduce that country’s debt burden so it can avoid default. European finance ministers are expected to give new momentum to a Greek debt relief deal.

In other trading, the S&P 500 index fell 2 points to 1,314. The Nasdaq composite fell 6 points to 2,780.

The euro rose 1.2 percent to $1.304, its highest point since Jan. 3.