The Dow makes four year highs before pulling back $DJI.I

  • The Dow broke above 13000.00 for the first time since May 2
  • Leading the moves overnight was the energy and materials sectors while consumer stapes were lower
  • The market watched closely yesterday as the terms of the Greek debt agreement were released. Euro officials and the Greek government agreed to another EUR130 Billion in funds with a pending debt swap to be conducted in the coming weeks. The Greek government agreed to a raft of austerity measures which will be closely monitored by EU officials
  • Retailer Macy’s rallied 3.14% after they reported earnings that topped estimates and forecast further sales gains in the coming year. Home Depot also rallied 1.42% after it to beat earnings expectations
  • Leading the moves on the Dow was WMT (-3.86%) and AA ( 2.56%)
  • DOW 0.12%, S&P500 0.07% and NASDAQ -0.11%
  • USD was up against the JPY for the fourth day, the AUD fell back
  • Gold rallied to its biggest gain in two weeks, Oil rallied to 9 month highs
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