NASDAQ: Stock Market Rallies on Strong Earnings

Source: Wikipedia

The NASDAQ opened slightly higher on Monday July 20th, as Greece reopened its banks and started the process of paying off billions of euros owed to the International Monetary Fund (IMF).

European equities soared to six-week highs on Monday as Greece began to return to normality after a deal to agree on a new bailout package. Volatility has been decreased in the eurozone with Monday marking the first step in reopening Greece’s banks and paying back billions of euros owed to international creditors.

The gold price has fallen to its lowest in more than five years while the U.S. dollar hit a three-month high with U.S. interest rates expected to rise this year. Spot gold last traded at $1,112.30 an ounce, having dropped as far as $1,088.05—its weakest since March 2010.

The NASDAQ climbed 11 points to 5,222.86 at the beginning of the trading session. As of 10:00 a.m. E.T., all the U.S. indices were trading higher from the previous close.


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