Greek deal optimism gives stocks another nudge ahead

first_imgFILE – This Jan. 4, 2010 file photo shows an historic marker on Wall Street in New York. U.S. stocks are opening slightly higher Tuesday, June 23, 2015, as hopes mount for a solution to Greece’s debt standoff. (AP Photo/Mark Lennihan, File) Check your body, save your life Ex-FBI agent details raid on Phoenix body donation facility New Valley school lets students pick career-path academies Here’s how to repair and patch damaged drywall Top Stories Milstead says best way to stop wrong-way incidents is driving sober GREEK TALKS: Greece’s proposals appear to have won the initial backing from its international creditors.At a meeting Monday, leaders of the 19 nations that use the euro currency said the offer by the government of Prime Minister Alexis Tsipras might form a basis to break a four-month deadlock. The two sides are now in technical discussions before another eurozone meeting on Wednesday and a leaders’ summit the following day. Investors think that a deal will be signed then, in time for Greece to get the money it needs to make an upcoming payment to the International Monetary Fund.ANALYST’S TAKE: “Given all of the positive and optimistic comments coming from most officials on the creditors side, it looks very unlikely now that a deal will not be agreed by Wednesday evening that could then be signed off at Thursday’s summit,” said Craig Erlam, senior market analyst at OANDA.SALAD, BREADSTICKS AND REAL ESTATE: Darden Restaurants, owner of Olive Garden, rose $2.48, or 4 percent, to $71.85. The restaurant holding company announced stronger-than-expected quarterly results and also said it planned on spinning off its significant real estate assets into a separate company.last_img read more

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