"The Greek bailout keeps the wheels on the bus"
- James Dunigan, chief investment officer at PNC Wealth Management
U.S. stocks closed mixed on Tuesday after Greece won a second bailout from Europe and the International Monetary Fund.
The Standard & Poor's 500 rose by 0.07%, or 0.98 points, to 1,362.21. The Dow Jones Industrial Average gained 0.12%, or 15.82 points, to 12,965.69 The Nasdaq Composite Index lost 0.11%, or 3.21 points, to 2,948.57.
"The Greek bailout keeps the wheels on the bus," James Dunigan, who helps oversee $107 billion as chief investment officer in Philadelphia for PNC Wealth Management, said.
"The ride is a little smoother, but it doesn't solve the longer-term issues."
© Dukascopy Bank