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SmarTrend Midday Market Recap -- June 29, 2011 (DJI,INX,IXIC)Jun 29, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated June 29, 2011: 12:30 PM ET --- The major U.S. equity indices are trading higher after Greece's Parliament voted in favor on adoption of the controversial austerity package and following a report on pending home sales. Greek lawmakers approved a 78 billion euro package of additional austerity measures and asset sales in a bid to avert a potentially devastating default. Final tally was 155-138 and moves Greece a step closer to receiving a delayed 12 billion euro installment of the 110 billion euro rescue package provided by the European Union and IMF last year. Pending home sales increased 8.2% in May, after a terrible April in which the metric declined 11.3%, the National Association of Realtors said today. May's pending sales were up 13.4% from May of 2010, the first time in 13 months that contract activity was up from the year earlier month. The Dow Jones Industrial Average (DJI) is trading 0.60% higher at 12,261.95, the S&P500 (INX) is trading 0.82% higher at 1,307.24, and the Nasdaq Composite (IXIC) is trading 0.48% higher at 2,742.49. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |