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Stocks mixed as European leaders pitch radical debt crisis solutions; AMR declares bankruptcy
NEW YORK (AP) ' Stocks are opening mixed as European leaders struggle to craft new cures for the region's debt crisis and as a major U.S. airline declares bankruptcy.
Europe's finance ministers met Tuesday to discuss ideas for salvaging the region's finances and shared currency that would have been off-limits only recently, including countries ceding fiscal sovereignty to a central authority.
American Airlines parent AMR Corp. is filing for Chapter 11 because of rising fuel costs and heavy debt. Competitors Delta Air Lines Inc. and United Continental Holdings Inc. both rose nearly 4 percent in early trading.
Dow Jones industrial average rose less than one point to 11,523. The Standard & Poor's 500 index fell less than one point to 1,192. The Nasdaq composite fell 5, or 0.2 percent, to 2,521.