Market Watch: Greece’s Last Hurrah?

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U.S. stocks were higher on Monday, following European and global markets encouraged by the possibility of a last-minute solution to the Greek debt crisis.

With talks scheduled for today in Brussels, investors turned an eye towards new offers made over the weekend by Greek Prime Minister Alexis Tsipras in order to avoid defaulting on next week’s 1.5 billion Euro payment to the International Monetary Fund.

Shares in European—Greek in particular—banks soared Monday, but the Euro stayed flat against the dollar.

Back home in the states, investors followed an existing home sales report that met expectations. This week, the final 1st-quarter GDP number and consumer sentiment figures will be the biggest piece to the data puzzle.

Here are the final numbers from Monday on Wall Street:

Dow Jones Industrial Average: 18,119.78 (+103.83)

NASDAQ: 5,153.97 (+36.97)

S&P 500: 2,122.85 (+12.86)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

@phillipcannella

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Phil Cannella
Phil Cannella

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