Posted by manager
on Feb 9th, 2012 in Economy
| Comments Off on Wall Street opens up as a reaction to the agreement in Greece
NEW YORK (Reuters) – On Thursday after the agreement reached U.S. stocks opened in the Greek case and the announcement of a drop in jobless claims in the United States.
In early trade, the Dow Jones gained 0.11% to 12,897 points. The Standard & Poor’s, wider, is stable (0.03%) to 1,350.70 points while the Nasdaq composite is 0.1% to 2,919 points.
The three-party coalition government in Greece have agreed on a set of new austerity measures to implement in return for a second international aid plan. This agreement was confirmed by Mario Draghi, the chairman of the European Central Bank (ECB), itself informed by the Prime Minister of Greece Lucas Papademos.
In addition, weekly jobless claims fell 15,000 last week in the U.S., another sign of improving labor market.
Values, PepsiCo drops 3.7% after announcing 8,700 job cuts.
Cisco Systems fell by 2%. The supplier of Internet networks posted quarterly results better than expected.
Groupon fall of nearly 10%. The group buying website in promotion displays an unexpected loss for its first quarterly accounts since its IPO.
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