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16 Jul 2015
US stocks rise after Greek approves bailout, strong earnings
FXStreet (Córdoba) - US stocks advanced on Wednesday underpinned by optimism after Greek parliament approved a third bailout package and amid strong earnings reports.
The Dow Jones Industrial Average gained 70.08 points, or 0.39%, to 18,120.25. The S&P 500 index rose 16.89 points, or 0.80%, to 2,124.29. The Nasdaq Composite Index climbed 64.24 points, or 1.26%, to close at a record high of 5,163.18.
European stocks also rallied after Greek approved austerity measures and the European Central Bank announced it lifted emergency assistance to Greek banks, a move that could pave the way for them to reopen.
A series of stronger-than-expected second-quarter earnings reports also boosted stocks, including Citigroup, Google and Intel.
Federal Reserve Chair Janet Yellen testified for a second day before Congress and reiterated it might be appropriate to hike rates at some point this year.
The Dow Jones Industrial Average gained 70.08 points, or 0.39%, to 18,120.25. The S&P 500 index rose 16.89 points, or 0.80%, to 2,124.29. The Nasdaq Composite Index climbed 64.24 points, or 1.26%, to close at a record high of 5,163.18.
European stocks also rallied after Greek approved austerity measures and the European Central Bank announced it lifted emergency assistance to Greek banks, a move that could pave the way for them to reopen.
A series of stronger-than-expected second-quarter earnings reports also boosted stocks, including Citigroup, Google and Intel.
Federal Reserve Chair Janet Yellen testified for a second day before Congress and reiterated it might be appropriate to hike rates at some point this year.