Stocks hover near 4-year closing highs

Associated Press
FILE- In this Friday, Aug. 10, 2012, file photo, traders work on the floor of the New York Stock Exchange, in New York. Stocks slipped Monday, Aug. 20, 2012, in one of the quietest trading sessions of the year. Worries about European debt crept up again, and Apple became the most valuable company of all time. (AP Photo/Jin Lee)
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FILE- In this Friday, Aug. 10, 2012, file photo, traders work on the floor of the New York Stock Exchange, in New York. Stocks slipped Monday, Aug. 20, 2012, in one of the quietest trading sessions of the year. Worries about European debt crept up again, and Apple became the most valuable company of all time. (AP Photo/Jin Lee)

NEW YORK (AP) — Major stock indexes are hovering near four-year closing highs in midday trading.

The Dow Jones industrial average is up a point to to 13,272 shortly before noon Tuesday. The average reached this year's peak of 13,279 on May 1.

The broader Standard & Poor's 500 index rose two points to 1,420. That's one point above its four-year high.

The Nasdaq rose four points to 3,080. Trading was light, with much of Wall Street on summer vacation.

Facebook's stock is off 2 percent after one of its earliest backers, venture capitalist Peter Thiel, sold most of his stake in the social network.

Best Buy is down 5 percent after it reported a 90 percent drop in quarterly net income. Best Buy's stock has lost 15 percent this week.

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