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Stock Market Today: July 1, 2015

The U.S. stock market got off to a strong start this morning, fueled by reports that Greece would now seemingly be willing to accept its creditors’ proposal in exchange for bailout funding. However, leading officials in the eurozone remarked that they will not engage in further negotiations until Greece holds its referendum on the proposal on Sunday. Furthermore, later in the day, Greece’s Prime Minister Alexis Tsipras made some unsupportive comments, and that news may have tempered enthusiasm on Wall Street, causing the market to give back some of its gains. For the most part, it was a constructive session, and the aforementioned late-day buying campaign was encouraging. At the close of trading, the Dow Jones Industrial Average was ahead 138 points; the S&P 500 Index was up 14 points; and the NASDAQ was higher by 26 points. Market breadth was generally positive, as winners were ahead of losers on the NYSE.    Read more

Job Growth Picks Up In June

The nation added 288,000 jobs in June, with non-farm payrolls strengthening much more than had been anticipated.  The consensus expectation for the month had been for job growth of about 215,000.    Read more

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