A new offer by Greece on a reform package to avoid a debt default raised investors’ hopes and pushed indexes higher, while Treasuries tumbled. The dollar edged higher against a basket of major currencies. Oil recouped on short-covering and gold declined
A gauge of U.S. business spending likely will show orders for long lasting U.S.-made goods slipped in May, dragged down by slower demand for transportation goods. Economists expect overall durable goods orders fell 0.6 percent. Non-defense capital goods orders are expected to have risen 0.5 percent. The department will also issue May data for new home sales.