Bloomberg News – By Inyoung Hwang – June 14, 2012
The Standard & Poor’s 500 Index gained 0.1 percent to 1,316.51 at 9:31 a.m. in New York.
“The worse the numbers are in the U.S., the greater the pressure the Federal Reserve will have to increase their monetization plan,” Chad Morganlander, a Florham Park, New Jersey-based money manager at Stifel Nicolaus & Co., which oversees about $115 billion of assets, said in a telephone interview. “There’s a modest amount of optimism that the Greek vote will bode well for the markets. Investors are sitting on their hands waiting for Sunday’s vote.”
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