New Hopes In Greece Has Positive Effects On Wall Street – Acadiana Business Index

Wall Street moves higher on new hopes for Greece. Mark Lasseigne has your stock market report on today's Acadiana Business Index.

• The Dow Jones Industrial Average advanced 73 points to 12,874.

• The Greek Parliament passed budget cutting measures required to receive the international bailout funds needed to keep the country afloat.

• Standards and Poor’s rating agency lowered its investment-grade credit ratings on 15 Spain-based banks.  This comes a month after the firm downgraded its ratings on Spain.

• Apple broken and closed above $500. The stock has risen 23% since the start of the year.  Apple closing at $502.60 a share.

• Crude-oil climbed higher to $101 a barrel.

• And gold closed at $1,725 an ounce.