Stocks close flat as Greece talks drag on Stocks closed little changed Wednesday as investors waited for Greece to accept tough reforms in exchange for a new bailout, but underlying confidence kept the Dow near its almost four-year high notched on Tuesday. Greek party leaders finally gathered on Wednesday to agree to reforms demanded by the European Union and International Monetary Fund after delays that seemed to have been caused by procedural matters. European Central Bank policymakers were still divided on what contribution the bank could make to a restructuring of Greece's sovereign debt, sources said. The ECB has ruled out joining private creditors in voluntarily accepting a reduction in the value of the Greek bonds it holds, but could come up with an alternative method. Energy shares were the biggest decliners, as Brent and U.S. crude oil futures pared gains after a report showed a build-up in U.S. crude inventories. The Dow closed near its highest level since May 2008 as stocks rallied from late last year on central bank action and signs of an improving economy. The Dow has gained 21 percent since early October and has retraced over 80 percent of its bear market slide from 2007 to early 2009. The blue-chip index is now about 10 percent away from the all-time high it hit in October 2007. Walt Disney Co rose and was a top boost to the Dow a day after it reported quarterly profit that grew more than expected. Polo Ralph Lauren Corp surged after the clothing maker reported better-than-expected results for the holiday quarter and raised its margin forecast. Ingersoll-Rand Plc, the maker of Schlage locks and Trane air conditioners, climbed after quarterly results topped estimates, although sales fell. Of the 315 companies in the S&P 500 that have reported earnings to date, 61.0 percent have come in above analysts' expectations. McDonald's Corp fell after its January sales rose more than expected at established restaurants across the globe, with strength in the United States helping to offset slowing sales growth in Europe. Rambus Inc advanced after the company reached a patent license agreement with Nvidia Corp and the companies settled all outstanding claims.