“U.S. stocks were poised for early gains Monday, after the Greek Parliament approved a key austerity package,” CNNMoney reports.
“The Dow Jones industrial average, S&P 500 and Nasdaq futures were higher ahead of the opening bell. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET,” CNNMoney reports. “The Greek Parliament voted early Monday to approve a package of austerity reforms, marking a key step toward securing a second bailout worth €130 billion from the European Union, International Monetary Fund and European Central Bank.”
“Greece needs the money to avoid a potential default on a €14.5 billion bond redemption in March. Sunday’s vote clears one of the hurdles the Greek government must overcome to qualify for the bailout,” CNNMoney reports. “The vote came amid escalating public protests against the reforms, which include job and salary cuts for government workers, pension reforms and other measures to reduce government spending.”
CNNMoney reports, “European stocks were higher in morning trading. Britain’s FTSE 100 jumped 0.8%, the DAX in Germany edged up 0.3% and France’s CAC 40 rose 0.4%. Asian markets ended mixed. The Shanghai Composite (SHCOMP) was unchanged, while the Hang Seng (HSI) in Hong Kong added 0.5% and Japan’s Nikkei (N225) climbed 0.6%.”
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MacDailyNews Take: In pre-market NASDAQ trading, AAPL is currently knocking on $500’s door, up $5.85 (1.19%) to $499.27.