Market Watch: Greek Debt Crisis Looms

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U.S. stock futures stayed relatively level Tuesday as investors continued to digest news from the Euro zone, where the end of Greece’s bailout program continues to loom large.

Talks broke off abruptly Monday between Greek officials and representatives from other Euro Zone nations. An official from Greece Prime Minister Alexis Tsipras’ government called the other nations’ proposal ‘absurd’ and ‘unacceptable.’

Officials are trying to reach agreement on a proposal that would keep Greece above water when the sanctioned bailout program expires at the end of February. Without a deal, experts fear Greece could run out of money in a month’s time.

However, the continued stability of stock prices indicate that investors believe a last-minute deal will save the day in Greece.

A quiet day of data on Tuesday will give way to Wednesday’s release of minutes from the most recent Federal Reserve committee meeting, which could have an impact on market direction for the rest of this week..

Here are the final numbers from Tuesday on Wall Street:

Dow Jones Industrial Average: 18,047.58 (+28.23)

NASDAQ: 4,899.27 (+5.43)

S&P 500: 2,100.34 (+3.35)

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

Phil Cannella a revolutionary thinker. Phil Cannella's cause is the Phil Cannella Crash Proof Retirement system. Phil Cannella has worked for decades.
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Phil Cannella
Phil Cannella

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