Jun 22, 2015
Equities broadly higher...
...on expectations that Greece and its lenders will reach a reform deal, potentially saving the country from default. European markets jumped over 3.8% on the prospect that key meetings will yield a solution to Greece’s debt crisis. Eurozone leaders met for an emergency summit in Brussels Monday today (plenty of headlines out – but no resolution yet). Given the optimism on Greece, M&A news, and better housing data, there were new records set intraday for the Nasdaq Composite, Nasdaq Biotech, Russell 2000, S&P SmallCap 600, and S&P Midcap 400. The S&P 500 index gained for a fourth day in five, with Energy, Financials, Health Care leading/Utilities, Materials lagging.
HammerstoneReport Closing ReCap -6/22/15