After moving higher at the open, stocks have seen some volatility
over the course of the trading day on Tuesday but maintained a positive
bias. The gains on the day are partly offsetting the weakness seen in
the two previous sessions.
Currently, the major averages are firmly in positive territory, near their highs for the session. The Dow is up 90.84 points or 0.5 percent at 17,820.05, the Nasdaq is up 41.88 points or 0.9 percent at 4,767.89 and the S&P 500 is up 13.39 points or 0.7 percent at 2,060.13.
The initial strength on Wall Street was partly due to easing concerns about the situation in Greece amid reports that eurozone officials are considering extending Greece's bailout program by up to six months.
Reports said the European Commission planned to offer the proposal amid indications that the new Greek government is softening its rhetoric behind the scenes.
Peter Boockvar, managing director at the Lindsey Group, said comments by Finance Minister Yanis Varoufakis suggesting that Greece will adhere to 70 percent of the reforms in the current bailout agreement seemed to have been the first step of backing off their original demands.
Read more Click here / www.trade4x.net
Currently, the major averages are firmly in positive territory, near their highs for the session. The Dow is up 90.84 points or 0.5 percent at 17,820.05, the Nasdaq is up 41.88 points or 0.9 percent at 4,767.89 and the S&P 500 is up 13.39 points or 0.7 percent at 2,060.13.
The initial strength on Wall Street was partly due to easing concerns about the situation in Greece amid reports that eurozone officials are considering extending Greece's bailout program by up to six months.
Reports said the European Commission planned to offer the proposal amid indications that the new Greek government is softening its rhetoric behind the scenes.
Peter Boockvar, managing director at the Lindsey Group, said comments by Finance Minister Yanis Varoufakis suggesting that Greece will adhere to 70 percent of the reforms in the current bailout agreement seemed to have been the first step of backing off their original demands.
Read more Click here / www.trade4x.net
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