U.S. stocks were higher Tuesday, as investors turned away from concerns over the Greek credit crisis and looked toward tomorrow’s Fed meeting minutes.
The Dow regained much of its’ 107-point loss from Monday, as European equities stabilized amidst the ongoing controversy over Greece’s bailout conditions. The Greeks have a 1.7 billion Euro payment due to the International Monetary Fund at the end of the month, and may be at serious risk of default if a resolution is not reached by that time.
The Fed meeting began today, but the real interest will come around 2 p.m. tomorrow when Chairperson Janet Yellen speaks. The consensus is still that an interest rate hike will occur in September.
Here are the final numbers from Tuesday on Wall Street:
Dow Jones Industrial Average: 17,904.48 (+113.31)
NASDAQ: 5,055.55 (+25.58)
S&P 500: 2,096.29 (+11.86)