Market Watch: Stocks Level Off Ahead Of Fed Meeting

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)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 2 days ago
Phil Cannella

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