Stocks managed to close with gains, even as investors remained cautious about Greece’s debt crisis. European finance ministers said Monday that Greece won’t receive fresh loans until mid-July. Tech stocks also posted broad gains. Microsoft traded 0.9% higher after the co. said it would make an announcement June 28 on Office 365’s next-generation cloud service. Notable gains came from Oracle, IBM and Cisco. Adobe added 1.6% ahead of the quarterly results after Tuesday’s market close. Implied volatility edged down below the 20 level on thin volumes.
Tuesday, June 21, 2011
Started week with gains
Stocks managed to close with gains, even as investors remained cautious about Greece’s debt crisis. European finance ministers said Monday that Greece won’t receive fresh loans until mid-July. Tech stocks also posted broad gains. Microsoft traded 0.9% higher after the co. said it would make an announcement June 28 on Office 365’s next-generation cloud service. Notable gains came from Oracle, IBM and Cisco. Adobe added 1.6% ahead of the quarterly results after Tuesday’s market close. Implied volatility edged down below the 20 level on thin volumes.
