For stocks (^GSPC), it's like the movie Groundhog Day as Greece once again dominates the headlines. But unlike yesterday's selloff on fears Athens won't strike a deal with creditors, Wall Street is looking at gains today as some see a possible resolution to the crisis ahead.
Yahoo Finance's Aaron Task says despite the many "boy who cried wolf" twists in the Greece story, investors have to keep their eye on what's happening.
"Every time we get to one of these deadlines and there's no deal, the markets freak out a little bit because nobody knows what will really happen if Greece leaves the Euro Zone," he points out. "And you can talk all you want about how it's priced in or the markets can handle it, but nobody wants to test that thesis."
One possible market-moving headline here in the U.S. is the Commerce Department reports consumer spending rose 0.9% last month, more than economists had forecast.
Match.com going public
Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
IAC/InterActive (IACI) shares are soaring to new high in early trading after the media and Internet company announced it is planning an an initial public offering of Match Group, which includes online dating sites Match.com, Tinder, OurTime and OKCupid.
TransUnion (TRU) shares are up sharply on their first day of trading on the New York Stock Exchange this morning. The consumer credit firm priced its initial public offering at the mid-point of its range at $22.50 a share, which values the company at $4 billion.
Disney (DIS) shares are in the spotlight. The entertainment giant is spreading some of Elsa's magic to its shareholders. The company is boosting its dividend by 15%. The company will begin paying the dividend of $0.66 twice a year starting July 29th.
Bed Bath & Beyond (BBBY) shares are on the move in early trading. The home goods retailer reported a slight miss on both its top and bottom lines. Earnings fell 15% in its first quarter as heavy promotions put pressure on margins.
Facebook (FB) shares continue to grab headlines. The social networking site is teaming up with HBO (TWX). Facebook will stream the premiere episodes of the new HBO shows “The Brink” and “Ballers” for a limited time. This comes as Facebook makes a big push into video, as its video views are expected to exceed two trillion this year, according to research firm Ampere Analysis.
McDonald's makes moves in Asia
McDonald's (MCD) announced it is aiming to sell all 413 of its stores in Taiwan to a franchise operator and expand its franchise business in China. As part of its turnaround plan, the fast food chain plans to sell at least 3,500 restaurants to franchisees by 2018.