US stocks edge higher in quiet trade

GMT 21:18 2015 Tuesday ,23 June

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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