Stock Market Watch

Stocks Rally on Greek Debt Swap Deal

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Stocks rose sharply in trading today, with all three major indexes finishing the day near session highs. Stocks were pushed higher on hopes that Greece’s private creditors will accept a debt swap deal.

The Dow Jones ended the day 0.55% higher at 12,907.94, the S&P 500 ended the day 0.98% higher at 1,365.91, and the Nasdaq ended the day 1.18% higher at 2,970.42.


All sectors in the S&P 500 ended sharply higher in trading today. Industrials were the best performers in the S&P 500 in trading today, ending the day 1.85% higher. Conglomerates ended the day 1.62% higher, while Consumer Cyclical stocks ended the day 1.58% higher. Basic Materials stocks also rose sharply in trading today, ending the day 1.52% higher. Energy stocks ended the day 1.16% higher. Financials ended the day 1.40% higher.

Among the major gainers in trading today were Howard Hughes Corp. (NYSE: HHC), which ended the day 3.71% higher at $60.95, Mueller Water Products Inc. (NYSE: MWA), which ended the day 21.05% higher at $3.45, Stanley Furniture Co. (NASDAQ: STLY), which ended the day 20.67% higher at $4.32, Apple Inc. (NASDAQ: AAPL), which ended the day 2.13% higher at $541.99, and Bank of America Corporation (NYSE: BAC), which ended the day 0.50% higher at $8.06.

Among the major losers in trading today were Williams-Sonoma Inc. (NYSE: WSM), which ended the day 5.87% lower at $35.62, and McDonald’s Corporation (NYSE: MCD), which ended the day 3.21% lower at $96.96.

European markets ended sharply higher for a second straight day. The FTSE 100 Index in London ended the day 1.18% higher at 5,859.73, and the CAC 40 Index in Paris ended the day 2.54% higher at 3,478.36. The EURO STOXX 50 Index ended the day 2.17% higher at 2,514.22. Asian markets also ended mostly higher overnight.

 

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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