After a few less than stellar days, the S&P 500 and Dow Jones Industrial Average saw a fantastic resurgence on Friday. The final numbers tells us that S&P 500 was up 0.64%, the Dow added 0.66%, and the Nasdaq gained 1.3%, pretty impressive if you consider how the week had gone up until now.
The experts are crediting the late announcement on Friday that Eurozone leaders and the Greek government agreed to an extension of the country’s bailout plan. A move that a lot were questionable about.
However, it faced stiff resistance from Germany, as the country wanted Greece to agree to previous austerity measures, in a bid to control the country’s out of control spending.