US stocks edge higher; S&P 500 hits new record

NEW YORK (AFP) - US stocks Tuesday shrugged off the latest stumble in Greek debt talks as the S&P 500 edged to a new closing high.

At the closing bell, the S&P 500 was at 2,099.90, up 2.91 points (0.14 per cent), the second straight record for the broad-based index.

The Dow Jones Industrial Average rose 22.38 (0.12 per cent) to 18,041.73, while the tech-rich Nasdaq Composite Index added 5.43 (0.11 per cent) at 4,899.27.

US stocks opened lower after the latest round of talks between Greece and the euro zone over restructuring its bailout ended abruptly Monday without agreement.

However, news later that Greece might be amenable to a compromise extension of its current bailout package helped the market rebound.

"The market is for the most part in wait-and-see mode today," said Michael James, managing director of equity trading at Wedbush Securities.