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THE NEW YORK REPORT
Wall Street closed its best three-day run in the past three months yesterday after the Greek parliament approved austerity measures to avoid defaulting on its debt.
Optimism about the plan’s approval has helped the stock market recoup some of its losses of the last two months.
The CBOE Volatility Index, Wall Street’s “fear gauge,” fell 9.9 per cent to 17.27, its third straight decline.
“The whole scary month of June has been healed with these nice three days we’ve had,” one analyst said.