06-21-2011, 12:15 PM
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| US Stocks Advance, Greece in Focus US stocks are trading in green territory on Tuesday as investors bet Greek PM will survive a confidence vote later today, a major step toward avoiding nation's debt default. Wall Street main indexes accelerated gains, after a report showed US May existing home sales came in higher than expected.
The Dow Jones industrial average rose more than 76points or 0.64% at 12,157. The Standard & Poor's 500 Index was up 13 points or 1.03% at 1,291. The Nasdaq Composite Index advanced almost 44 points or 1.66% to 2,673.
In the macroeconomic domain, US home sales fell 3.8% in May to its lowest level in 6 months, although the result was slightly better than the expected 4.0% drop.
In the FX market, the US dollar trades slightly lower across the board. Meanwhile, crude oil rose back above $94 a barrel, while gold is 0.43% higher on the day at $1547 an ounce. |
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