Arab Today, arab today us stocks edge higher in quiet trade
Last Updated : GMT 07:40:34
Arab Today, arab today
Arab Today, arab today

US stocks edge higher in quiet trade

Arab Today, arab today

Arab Today, arab today US stocks edge higher in quiet trade

The tech-rich Nasdaq Composite
New York - AFP

US stocks edged higher Tuesday in quiet trade amid positive US and eurozone data as investors kept a wait-and-see attitude on Greece's looming debt deal.

At the closing bell, the Dow Jones Industrial Average was up 24.76 points (0.14 percent) at 18,144.54.

The broad-market S&P 500 held close to the flatline, gaining 1.48 (0.07 percent) at 2,124.33, while the tech-rich Nasdaq Composite rose 6.12 (0.12 percent) to 5,160.09.

"The fact the market had a strong move during the last couple of days and hasn't really given anything back, I think it's actually a positive day for those who have a positive bias," said Michael James of Wedbush Securities.

While there was still uncertainty about whether Greece will strike a deal with its creditors and avoid default, "at least for now people are coming to grips with whatever the end result is in Greece -- it's not going to derail the positives above the European or the US economies," said James.

 

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