|CHRISTINA REXRODE, AP Business Writer|
Major market indexes ricocheted between small gains and losses in morning trading and were little changed by early afternoon. European markets were mixed and the euro edged lower against the dollar.
Finance ministers and central bank presidents from the world's seven wealthiest nations held an emergency conference call to discuss how
"As we saw in
The yield on
In the U.S., indexes briefly popped higher in midmorning trading after the
Otherwise, indexes were moving in narrow ranges. The Dow Jones industrial average fell as much as 29 points and rose as much as 35. It was a tiny range given last Friday's 275-point plunge, and it re-enforced the idea that traders aren't sure what to do.
The Dow was up 10 shortly before
It's been a scorching few weeks for the market, which powered higher in the first three months of the year, held onto its gains in April, and then seemed to self-destruct in May as concerns about
June doesn't promise to be much quieter, as
"We had a pretty good recovery going on here," Millstein said. But "if
A central problem in
Any solution is sure to irritate at least some countries.
Some leaders have pushed for a central body that would have more authority over banks in all 17 countries that use the euro. A deposit-insurance program, like the one run by the
European markets were mixed.
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