Greek officials resumed discussions with Euro zone leaders to craft a bailout package. The markets closed higher with the Dow climbing 93 points to 17,776. Nasdaq rose 5 points to 4,997.
On the upside
Legacy Reserves (Nasdaq: LGCY) entered agreements with funds managed by TPG Specialty Situations Partners to jointly develop Legacy’s Permian Basin acreage.
Bargain hunters snapped up shares of Bill Barrett (NYSE: BBG).
Clean Energy Fuels (Nasdaq: CLNE) will report second quarter earnings on Wednesday, August 5, 2015.
On the downside
Shares of Baozun (Nasdaq: BZUN) and e-Commerce China Dangdang (NYSE: DANG) extended their losses as the sell-off of Chinese stocks continued.
Vimicro International (Nasdaq: VIMC) announced yesterday that it hired Duff & Phelps and Kirkland & Ellis to evaluate an offer to take the company private.
BMO Capital Markets downgraded JAKKS Pacific (Nasdaq: JAKK) from an Outperform rating to a Market Perform rating.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by 7 to 5 on Nasdaq. The broader S&P 500 gained 12 points to 2081. Bitcoin lost $7 to $264.
