Investors overcame their fears that the financial crisis in Greece could spread throughout Europe, and pushed the market up on Monday. The Dow Jones finished up 76 points to close at 12,080. The S&P 500 gained seven points, to end at 1,278. The NASDAQ added 13 points, to close at 2,630.
But will the trend continue this week?
We'll see the latest figures on home sales. The Federal Reserve is also scheduled to meet, and is expected to keep interest rates unchanged. Chairman Ben Bernanke will hold his second news conference later in the week. It's a new question and answer format for the Fed, and what Bernanke talks about is likely to be based largely based on the questions he's asked by reporters.
Greece's financial troubles continue this week. Could they effect the US? WNYC's Economics Editor Charlie Herman previews the business and economics news of the week, and weighs in on what we can expect.
New York Works: Lifeguard Janet Fash
In New York, beaches are open from Memorial Day weekend through Labor Day. Approximately 1,200 lifeguards do everything from water rescues to first aid. With a starting hourly rate of $13.57 an hour, it's a good gig for someone who's saving for college, and for teachers who have summers off, like Brooklyn native Janet Fash. She's the chief lifeguard at Beach 96th Street in the Rockaways, and the subject of this week's New York Works. Brigid Bergin reports.
Let us know who you think we should profile next, in the comments section.