NEW YORK (AP) — Stocks are rising slightly after debt-burdened Greece announced an austerity budget that creates $6.5 billion in savings.
The new plan had been expected in recent days, which likely has kept reaction to the report muted. Concerns about Greece's debt problems have dogged the markets in recent weeks.
Investors are also avoiding big bets before a key report on the service sector Wednesday. The Institute for Supply Management's service sector index likely rose to 51 last month from 50.5 in January.
A payroll company's report showed employers cut 20,000 jobs last month, matching economists' expectations.
The Dow Jones industrial average is up 21.99, or 0.2 percent, at 10,427.97. The Standard & Poor's 500 index is up 1.88, or 0.2 percent, at 1,120.19, while the Nasdaq composite index is up 4.06, or 0.2 percent, at 2,284.85.
