Stocks Rise for Fourth Straight Day on Greek Hopes

Ad Feedback

NEW YORK -- Stocks are rising at the opening of trading on hopes that a Greek vote scheduled for later Tuesday will help the country avoid a default.

If the Greek government wins the confidence vote, it can more easily push through cost-cutting measures needed to get its next installment of emergency loans. Greece needs the cash to avoid a default, which could damage Europe's banks and the region's economy.

The Federal Reserve also begins a two-day meeting later Tuesday. Economists expect it to keep interest rates at record lows.

The S&P 500 is up 5, or 0.4 percent, at 1,284. It rose Monday for the third straight day, its longest winning streak since May. The Dow Jones industrial average is up 39 at 12,119. The Nasdaq is up 7 at 2,637.

Copyright 2011 by The Associated Press.  All Rights Reserved.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News
Stan Choe

Stan Choe

AP Business Writer

The Associated Press is the backbone of the world's information system serving thousands of daily newspaper, radio, television and online customers with coverage in all media and news in all formats. It is the largest and oldest news organization in the world, serving as a source of news, photos, graphics, audio and video.