The Dow made another run at 13000, finishing up 46 points at 12984. Despite coming within four points of the mark, early losses kept the index from reaching 13000.
The conditions the European Union set for Greece in exchange for a second bailout represent a very unusual amount of outside control and oversight of a sovereign country.
The Dow rose 15 points to close at 12965, just shy of the 13000 mark that it crossed earlier Tuesday. It was the first time the index had reached that mark since 2008.
European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.
The stock market hit a big milestone Tuesday, as the Dow Jones industrial average hit 13000 for the first time since 2008. The stock market got the final push from strong corporate earnings reports and a Greek bailout deal.
The EU agreed to give Greece a $170 billion bailout, rescuing the country from a default next month. But after five years of recession, the economic outlook is still not promising.
European governments are expected to sign off on a second bailout for Greece today. But conditions set on rescue money have fueled populist unrest in southern Europe.
US recovery could get derailed by recession in the eurozone, a slowdown in China, or both. Both threats loom large over the nascent US recovery.
It may take more than a lifting of sanctions to revive Myanmar's isolated economy.
Senegal's Wade plans to run for president, despite a constitutional ban. Zimbabwe's Mugabe is banning NGOs ahead of presidential polls in 2013.