Easing Concerns Around Greece Keep Stocks Moving Up (JPM, AAPL)

Ahead of a crucial confidence vote, investors are gaining confidence that Greece will not default on its debt. As a result, markets have been strengthening for several days in a row, and continue to show gains today. Stocks in Canada showed similar gains. Less encouraging is that home sales have hit a six month low, slipping 3.8 percent month over month. In corporate news, JPMorgan (JPM) will be paying $153.6 million in a settlement over the fraud charges. Apple (AAPL) announced a few new products today, including a version of their popular Final Cut Pro, which had previously only been available on a physical disc, for the Mac App Store.

Word on the Street

• As confidence that Greece would not default grew, the stock market continued to rise.
• JPMorgan (JPM) to pay more than $150 million in fraud settlement.
• Home sales have hit a six month low.
• Canadian stocks also traded higher.
• Apple (AAPL) finally released Final Cut Pro X for the Mac App Store.

Interesting Tidbits

• Heard all the hype around cloud computing? You may want to think twice before getting stuck in the cloud.
• Why rude people are sometimes respected.

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