Chronicle Journal: Finance

Assurances from Greece lift markets modestly higher

The markets inched modestly higher with the Dow adding 6 points to 17,678 as Greek anti-austerity party leader Alexis Tsipras assured the international community that Greece would negotiate a mutually beneficial solution with its lenders. Nasdaq rose 13 points to 4,771.

On the upside

MeetMe (Nasdaq: MEET) chief executive Geoffrey Cook sold 30,000 shares of company stock.

HCA Holdings (NYSE: HCA) will be added to the S&P 500 after closing bell today to replace Safeway (NYSE: SWY).

International Online reported that BLX was interested in buying Advanced Micro Devices (Nasdaq: AMD).

On the downside

Deutsche Bank downgraded Phoenix New Media (NYSE: FENG) from a Buy rating to a Hold rating.

Mobile Telesystems (NYSE: MBT) subsidiary Moscow City Telephone Network sold its 49.95% stake in Intellect Telecom

Moody's Investors Service affirmed its Baa3 rating on Energy Transfer Partners (NYSE: ETP).

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3on Nasdaq. The broader S&P 500 rose 5 points to 2057. Bitcoin gained $17 to $267.
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