Stock Market Trends, Eurozone Bailout; Futures for DJIA, Nasdaq, S&P 500 Today:
Market trends will feel the positively skewed affects of the Greece bailout
package that was secured by European Leaders to open this trading week. The deal
is remarkable as it will allow Greece to avoid debt default by allocating
approximately 130 billion euro in bailout loans. The deal will cut Greeces debt
to about 121 percent of the GDP by 2020. The idea is to help Greece transition
from a country in need of external support to a country able to sustain itself
independently. Investors have heard this story before however as this is the
second bailout package with the aim of rescuing the faltering economy. Although
the package is no guarantee of future success for the country, market indices
are notching higher on the news. Futures for the primary index composites in the
U.S. posted green prior to opening bell this morning. The Dow futures were
higher by .32 percent at 12,971. The Nasdaq futures were green by .06 percent
and futures for the S&P 500 posted higher by .21 percent. Stocks are set up for
gains due, in part, to the news of the Greece deal. Frank Matto
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