Stocks are trading higher today thanks to reports that central banks around the world were ready for coordinated action following this weekend’s elections in Greece. These reports overshadowed continued weak economic data in the U.S. with consumer confidence dipping to a 6 month low and manufacturing in New York falling. Sign Up For Free Stock Alerts
Moody’s cut its rating on 11 European banks and warned more downgrades will occur if Greece leaves the euro.
The Dow is currently up 66 points, the Nasdaq is up 18 points and the S&P 500 is up 7 points. [Read more...]