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New York, NY, United States (AHN) – U.S. stocks opened higher Monday after Greece’s parliament approved strict financial reforms needed to obtain its latest international package and prevent a messy default.

Just after 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 38 points, the Standard & Poor’s 500 Index rose 5 points and the NASDAQ was better by 16 points.

European stocks were mixed to modestly higher.

In commodities, oil continued its rise, gaining $1.34 to $100.43 a barrel, and gold lost $4.50 to $1,720.90 a troy ounce.

As earnings season winds down this week, investors still have a great deal to digest on the economic calendar.

On Monday, President Obama releases his budget proposal for fiscal 2013 to Congress that attempts to chart a fiscal path for the next 10 years.

On Tuesday, reports on January import prices, January retail sales, and December Inventories are expected. On Wednesday reports will be released on January industrial production and January capacity utilization. Thursday brings reports on January housing starts, January PPI, initial jobless claims and February’s Fed survey. And on Friday, market participants will get reports on January’s CPI and leading indicators.

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New York, NY, United States (AHN) – U.S. stocks opened higher Monday after Greece’s parliament approved strict financial reforms needed to obtain its latest international package and prevent a messy default.

Just after 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 38 points, the Standard & Poor’s 500 Index rose 5 points and the NASDAQ was better by 16 points.

European stocks were mixed to modestly higher.

In commodities, oil continued its rise, gaining $1.34 to $100.43 a barrel, and gold lost $4.50 to $1,720.90 a troy ounce.

As earnings season winds down this week, investors still have a great deal to digest on the economic calendar.

On Monday, President Obama releases his budget proposal for fiscal 2013 to Congress that attempts to chart a fiscal path for the next 10 years.

On Tuesday, reports on January import prices, January retail sales, and December Inventories are expected. On Wednesday reports will be released on January industrial production and January capacity utilization. Thursday brings reports on January housing starts, January PPI, initial jobless claims and February’s Fed survey. And on Friday, market participants will get reports on January’s CPI and leading indicators.

View full post on All Stories