US stocks inched higher on Tuesday, pushing the S&P 500 above 2,100 to another record intraday high as optimism grew that a debt deal would be reached with...
Livewire
US stocks inched higher on Tuesday, pushing the S&P 500 above 2,100 to another record intraday high as optimism grew that a debt deal would be reached with Greece. A source told Reuters that Greece intends to ask for an extension of a loan agreement tomorrow. The report follows a collapse of deal negotiations on Monday, which led to European Union finance ministers pressuring the country to remain in an international financial rescue program... The news was viewed as another sign of progress, building on the recent optimism that contributed to major indexes notching a second straight week of solid gains last week. Despite that, investors continued to monitor the situation cautiously, while a fragile Ukraine truce added to the market's uncertainty. The Dow Jones industrial average rose 15.55 points, or 0.09 percent. Full report via Reuters: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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