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A 22 percent reduction in minimum wage, pension cuts, and an immediate layoff of nearly 15,000 state workers are among the significant austerity measures approved by Greek lawmakers through the new debt deal Greece has struck. These forces have also pushed treasury prices down this morning. Finally, the Producer and Consumer Price Indices will complete a large week of economic data.

What’s Up on Wall Street?

All of the markets closed in the red Friday. The Dow Jones Industrial average closed down 89.23 points (-0.69 percent). The Nasdaq composite closed down 23.35 points (-0.80 percent). Also, the S&P 500 closed down 9.31 percent (-0.69 percent).

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