Greece approved more stringent austerity measures to lift the markets higher during the midday with the Dow gaining 63 points to 12,248. Nasdaq rose 9 points to 2738.
On the upside
Alanco Technologies (Nasdaq: ALAN) will merge with global mobile social networking company YuuZoo.
Spreadtrum Communications (Nasdaq: SPRD) declared a quarterly dividend of $0.05 per American Depositary Share payable on July 26, 2011 to shareholders of record July 11, 2011.
McMoRan (NYSE: MMR) reported that there was potential for large accumulations of hydrocarbons at deeper depths in the shallow waters of the Gulf of Mexico.
Jefferies downgraded Greenbrier (NYSE: GBX) to a Hold rating and cut its price target to $22 from $32.
Omnova Solutions (NYSE: OMN) reported lower second quarter earnings that fell short of analyst expectations.
Exfo (Nasdaq: AHT) swung to a profit for the third quarter but the results fell short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 820.