Wall Street Up, Trading Volatile Ahead Of Greek Vote

Reuters – By Ryan Vlastelica – June 14, 2012

Reuters/Brendan McDermid

(Reuters) – U.S. stocks rose in a volatile session on Thursday, with investors brushing off a weak read on the labor market as uncertainty ahead of elections in Greece continued to be the overriding factor in equities.

Quick market swings were expected to persist ahead of the Sunday elections, which could lead to Greece’s exit from the euro zone, a prospect that has pressured U.S. equities for the past several weeks and contributed to a steep decline on Wednesday.

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, the latest economic data pointing to sluggish conditions in the United States.

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