Stocks ended higher, recovering the most of their losses from the day before, as Greece appeared closer to resolving its latest debt problems. However, the overall market remains directionless as most investors are focused on figuring out when the Federal Reserve’s long-awaited interest rate increase may come.
The Dow Jones industrial average rose 121.45 points, or 0.7 per cent, to 18,162.99.
The Standard & Poor’s 500 index closed up 19.28 points, or 0.9 per cent, to 2,123.48.
The Nasdaq composite added 73.84 points, or 1.5 per cent, to 5,106.59.
For the Week:
The Dow is down 69.03 points, or 0.4 per cent.
The S&P 500 is down 2.58 points, or 0.1 per cent.
The Nasdaq is up 17.23 points, or 0.3 per cent.
For the year:
The Dow is up 339.92 points, or 1.9 per cent.
The S&P 500 index is up 64.58 points, or 3.1 per cent.
The Nasdaq is up 370.54 points, or 7.8 per cent.