U.S. stocks finished up across the board Tuesday as time runs out for Greece to stay in the Euro. Greek banks are set to run out of cash in a matter of days. Chancellor Angel Merkel is facing renewed pressure in Germany to cut Greece out of the eurozone but has said that the door was still open for a deal proposal. U.S. crude fell for a second day, weighed down by concerns of a Chinese slowdown and the Greek crisis. Iran has also made clear during nuclear deal talks that it will add more supply to the market should sanctions be lifted. Falling oil prices hit energy stocks. Consol Energy (CNX) was one of the worst performers on the S&P 500, the stock is down almost 40 percent since the start of the year. The Commerce Department announced on Tuesday that the U.S. trade gap widened 2.9 percent in May. The strong dollar and European turmoil overseas extended the downward trend in U.S. exports (outside of oil) which are down 4.5 percent from last year’s numbers. Overseas, Samsung (SSNLF) has seen its profit slide for the 7th consecutive quarter. The South Korean, electronics company missed earnings estimates following underwhelming sales of its new Galaxy S6 smartphones. The tech giant has struggled with supply shortages and competition from Apple (AAPL). The stock has dropped around 7 percent this year.
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