Stocks Climb, Low VIX, Greece Saved
After an erratic trading session, shares ended higher across the board. The weekend’s news of a massive Greek aid package approved by the EU combined with merger and takeover chatter lifted shares. The fear index VIX retreated to the lowest level seen since July, 2007 due to the optimistic sentiment sweeping the globe. The euro gained ground against the USD as well as 15 other currencies on the positive Greek word. Breaking 11,000 the DJIA closed up +8.62 to 11005.97, the Nasdaq eased higher by +3.82 to 2457.87, and the broad based S&P 500 added +2.11 to 1196.48.
^AA^: Closed higher by 18 cents or 1.25% to $14.57/share on the heels of releasing its earnings.
^PALM^: The firm has itself on the auction block stroking rumors of buy outs sending shares higher 88 cents or 17.05% to $6.04.
^TXN^: An upgrade to “outperform” at Credit Suisse triggered shares to climb 75 cents or 3.01% to $25.69.
^DCP^: The defense contractor’s shares surged $5.66 or 48.17% to $17.41 after it was announced they agreed to a Cerberus Capital buyout at $1.5billion.
Gold fell $5.10 to $1157.00, oil slipped 57 cents to $84.35 and the VIX index plummeted 3.47% to 15.58.
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