Market Insider

Stocks at 'inflection point' as second quarter ends

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Stock futures were higher Tuesday - now the make-or-break day for the second quarter after Monday's losses wiped out slight quarterly gains for the S&P 500 and Dow, sending them into negative territory for the year.

Some technical analysts say the market is at an inflection point, with the S&P 500 and the Dow trading just around their 200-day moving averages.

"It's the end of the end of the quarter, the end of the half, the end of the month. We've got economic data too, but nothing is going to move the needle more than our perception of what's going on in the Greece situation," said Art Hogan, chief market strategist at Wunderlich Securities.

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