(CNBC) U.S. stocks closed higher on Friday amid news regarding Greece and after the release of three more economic data sets while investors’ focus shifted back to the Federal Reserve. (Tweet This)
“We are accumulating data points from now until the next Fed meeting,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott. “I expect more volatility as we draw closer to the September meeting.”
U.S. equities hit session highs less than an hour ahead of the close as news about the euro zone confirmed it agreed to launch a new bailout program for Greece. Before then, the three major indexes traded in a range similar to that of Thursday.
