Stocks managed to close higher in a choppy session. Investors have shifted their focus to Italy, as it appears Greece is finally getting its house in order. Published reports said that a European Central Bank official said the sovereign debt crisis could be resolved in the next two years. Speculation that Italian Prime Minister Silvio Berlusconi would resign gave a lift to Italian stocks, though they pared gains after Berlusconi announced that he didn’t plan to leave. Among the movers, Amgen jumped 5.9% after the co. said it would repurchase up to $5 billion of its stock and Dish Network gained 5% on an announcement that it would pay a $2 a share dividend. Tech stocks also performed well with Hewlett-Packard posting solid gains of 3.4%. Nvidia fell a fraction after FBR Capital reported that it expects generally in-line results and outlook, citing “ongoing concerns” about the co’s core graphics chip business in the face of stiffer competition from rivals Intel and Advanced Micro Devices. Also Netflix rose nearly 1% to after the co. announced a subscription-streaming service deal with Metro-Goldwyn-Mayer Studios in the U.K. and Ireland. Implied volatility inched lower on modest volumes.NEAREST RESISTANCE LEVELS:
NEAREST SUPPORT LEVELS: 57.2,
