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Sources confirm Grecian Prime Minister Lucas Papademos will finally meet with political forces to hash out the finishing touches on a bailout package valued at 130 billion euro. Wall Street’s investors are breathing easier this morning following reports of the speculated debt resolution, as it’s driven many to corral money away from bonds and into riskier investments. As a result of the change in trading, mortgage-backed securities have taken a slight drop in today’s early hours.

What’s Up on Wall Street?

“Moderately positive” would be the best way to describe the stock market results at close yesterday. The Dow Jones Industrial Average jumped 33.07 points (0.26 percent) to close at 12,878.20, nearing that coveted 13,000 point mark. The S&P 500 climbed 2.72 points (0.20 percent), and the Nasdaq Composite increased by 2.09 points (0.07 percent).

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