The Dow gained +6.51 (+0.05%) to close at 12,890.46. The Nasdaq and S&P 500 were up a bit while the Russell 2000 was down today.
Greek political parties have finally reached an agreement on austerity measures, which was presented to euro-area finance ministers and marked the first step toward securing a â‚¬130 billion bailout from the European Union, International Monetary Fund and European Central Bank. Still much work to do.
European stocks closed with modest gains and Asian markets ended mixed.
Big bank Dow components Bank of America (BAC) and JPMorgan Chase (JPM) joined three other large banks, Wells Fargo (WFC), Citigroup (C) and Ally Financial, and agreed to a $26 billion mortgage settlement.
Cisco Systems (CSCO) edged higher after beating expectations with its fourth-quarter profit and revenue and boosting its quarterly dividend by 30%.
Initial unemployment claims fell by 15,000 to 358,000 during the latest week with economists expecting 370,000 claims, compared to the previous week’s 373,000.
The dollar fell against the euro and British pound, but rose versus the Japanese yen.
Oil for March delivery rose $1.13 to end at $99.84 a barrel.
Gold futures for April delivery rose $9.90 to settle at $1,741.20 an ounce.
The price on the benchmark 10-year U.S. Treasury dropped, pushing the yield up to 2.05% from 1.98% late Wednesday.
After the close notable stocks expected to report earnings include JOEZ, GDI, AAN, KONA, ATR, ECPG, MRH, PROJ, AMKR, ENH, EXPE, GLCH, MPWR, RSG, STMP, THRX, UEPS, ANH, ALNY, CGNX, DCT, LF, NXPI, PBI, TRLG, XL, PL, SWIR, BKH, CBB, ELON, FFG, HME, ITMN, LNKD, MOVE, PMC, PODD, PRO, SUN, ASEI, CCJ, XIDE, ATVI, CARB, LGF, BRKS, HOKU, ASYS, NUAN, PSEC, IMPV and PER.
Tomorrow morning, notable stocks expected to report earnings include ALU, AB, LNT, APO, ACI, BPO, CPN, FLIR, LYB, and NYX.