Stocks Mixed After Greece Passed Vote

Stocks were mixed in early trading on Wednesday after the Greek parliament approved their austerity plan. The Dow Jones Industrial Average lately rose 16.38 points to 12,205.07. The Standard & Poor’s 500 Index rose 3.83 points to 1,300.50. The Nasdaq Composite Index was off 1.63 points to 2,727.68.

The Greek Parliament has voted to back a package of deep spending cuts that should go some way to clearing a path for the release of funds and potentially a second bailout for the country by the European Union and International Monetary Fund. The EU and IMF had made the release of a 12 billion euro ($17.3 billion) tranche of last year’s 110 billion euro bailout contingent on the passage of the bill.

Bank of America Corp said it expected to take more than $20 billion in charges after settling with mortgage bond investors, resulting in a second- quarter loss. Bank of America said it expected to post a loss of 88 cents to 93 cents per share for the quarter. Excluding special items, Bank of America said it expected to earn 28 cents to 33 cents a share.

Toyota Motor Corp. said Wednesday it will recall about 82,200 hybrid SUVs in the U.S. due to computer boards with possible faulty wiring. Wednesday’s recall involves about 45,500 Highlander Hybrid and 36,700 Lexus Rx 400h vehicles, the company’s U.S. subsidiary said in a press release.

Crude-oil futures trimmed their advance Wednesday. Crude for August delivery added 55 cents, or 0.6%, to $93.42 a barrel on the New York Mercantile Exchange.


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