U.S. stocks trade mixed ahead of Greek meeting

U.S. stocks traded mixed Friday, as investors were cautious ahead of a Eurogroup meeting about extending Greek bailout program.

At midday, the Dow Jones Industrial Average increased 77.14 points, or 0.43 percent, to 17,967.50. The S&P 500 ticked up 0.89 points, or 0.04 percent, to 2,103.20. The Nasdaq Composite Index was down 22.20 points, or 0.43 percent, to 5,089.99.

The Eurogroup meeting on Greece will reconvene in Brussels, Belgium, Saturday, which would be the fifth in 10 days, according to an official statement issued Friday.

"On a number of issues there is still a wide gap with the Greek authorities. In the meantime, the door is still open for the Greek authorities to accept the proposals tabled by the institutions," Eurogroup President Jeroen Dijsselbloem said after Thursday's meeting.

The eurozone's talks on Greece didn't reach an agreement Thursday. Hopes of a breakthrough dimmed again when the ministers' meeting ended abruptly again.

Time is running out for Greece and creditors to reach a deal before it has to repay a 1.6-billion-euro loan to the IMF by the end of this month.

In the United States, the final reading of the consumer sentiment in June increased to 96.1 from May's final reading of 90. 7, said the monthly Thomson Reuters/University of Michigan survey of consumers Friday.

U.S. stocks shaved early gains to close mildly lower Thursday, as investors weighed positive economic data against the uncertainty of Greek debt crisis. Endite