Bloomberg News

U.S. Stocks Pare Advance After Greece Passes Austerity Measures

June 29, 2011

June 29 (Bloomberg) -- U.S. stocks pared gains after the Greek parliament approved austerity measures needed to win European bailout funds, as investors bet the vote failed to justify this week’s rally.

The Standard & Poor’s 500 Index rose 0.2 percent to 1,298.98 at 10:04 a.m. in New York. September futures on the measure had risen as much as 0.7 percent earlier. The index rallied 2.2 percent the first two days of the week. The Dow Jones Industrial Average fell 4.73 points, or less than 0.1 percent, to 12,183.96.

To contact the editor responsible for this story: Joanna Ossinger at jossinger@bloomberg.net


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