Wall Street Moves Higher Following Greece Bailout Deal
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tarabird/iStock/Thinkstock(NEW YORK) — Global stock markets bounced higher on Monday after Greece and its European creditors agreed on a bailout deal.
The Dow Jones Industrial Average closed at 17,977.68, up 217.27 from its open.
The NASDAQ was up by 73.82 to finish the day at 5,071.51, while the S&P 500 was also up by 22.98 to finish the session at a close of 2,099.60.
Monday’s deal between Greece and creditors removes an immediate threat that the country could collapse financially, and leave the Euro. The deal still needs the approval from Greece’s parliament.
Detroit automakers and union workers began bargain talks on Monday. The big issue between the two sides is a two-tier wage system that’s widely city by the industry as a reason U.S. automakers have added tens of thousands of factory jobs since 2011.
The online price fight is heating up between Wal-Mart and Amazon.com. The retail giant is lowering its free shipping minimum order to $35 from $50 until further notice. On Wednesday, Wal-Mart will be offering discounts on thousands of items in response to Amazon’s highly promoted sale on the same day for its Prime members, who pay a $99 annual fee.
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