New reforms-for-bailout aid proposals are expected from Greece today. The euro dropped to a five-week low against the dollar this morning. While equities declined slightly on Monday, they finished well off the early-session lows. Maybe we are putting Greece in the rearview mirror. Now on to Puerto Rico. (CNBC)
Advance Auto Parts is set to join the S&P 500 after the close of trading tomorrow. The auto parts retailer replaces Family Dollar Stores, which has been acquired by S&P 500 member Dollar Tree. (Bloomberg)
Oregon’s Nike has struck a deal to outfit the University of Michigan's sports teams beginning with the 2016-2017 season, replacing Adidas. The new contract runs through at least 2027, with an option to extend. Nike continues its dramatic growth with this deal. (AP)
Is this the start of inflation? Starbucks is raising prices for some of its coffee drinks by 5 cents to 20 cents in the U.S., but some popular beverages such as the Grande Brewed Coffee and the Frappuccino were left unchanged. (Fox Business News)
The S&P 500 is up 9 and the NASDAQ is up 16. MSCI International Index is down 0.3%.
Oil is flat at $52.55 a barrel. U.S. oil prices have stabilized after Monday's 7.7% decline, which pushed crude into correction territory on concerns about global growth, record production, and potentially more Iran supply. (CNBC)