Market Watch: Investors Continue To Follow Greek Saga

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U.S. stocks were higher Wednesday, as investors reacted to more developments in the ongoing Greek debt saga.

Early Wednesday in Europe (overnight here in the U.S.) Greek Prime Minister Alexis Tsipras sent a letter, detailing his desire to accept the terms of an additional bailout package offered by European creditors. The problem, of course, is that the Greeks have technically missed the deadline on the payment to the International Monetary Fund, which renders that offers expired.

European officials are scheduled to meet today to discuss whether to re-extend the bailout package to the Greeks—or to let them go ahead with their scheduled referendum vote on Sunday. Experts say the possibility still exists that the deal will not be accepted, and that Greece could ultimately leave the Euro.

Domestically, U.S. markets continued to look towards tomorrow’s jobs report ahead of the 4th of July holiday.

Here are the final numbers from Wednesday on Wall Street:

Dow Jones Industrial Average: 17,757.91 (+138.40)

NASDAQ: 5,013.12 (+26.26)

S&P 500: 2,077.42 (+14.31)   

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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