Stocks finished mostly flat today as investors took the opportunity to lock in some profits following news of a deal for Greece’s second bailout package. EU finance ministers finished a 130 billion euro for Greece. Private bondholders agreed to take a greater loss and the government in Greece agreed to deeper cuts. There is a lot of skepticism going around though as investors wonder how long before Greece is a problem again.
Oil prices continue to rise as well which can have even greater implications such as slowing down the U.S. economic recovery. Oil closed at $105.50 a barrel today as investors eye developments in Iran.
In after hours trading, Dell and Chesapeake Energy are in the spotlight after releasing earnings. [Read more...]