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Mostly, investors were in a holding pattern, waiting for the government's Friday report on June employment, and for companies to start reporting second-quarter earnings next week. Trading volume was light. The market closed three hours early, at 1 p.m., and many traders had already taken off for the Fourth of July holiday. Europe was relatively quiet, though with underpinnings of discord. A Greek government spokesman said the government was preparing an "alarming" report on its recession in a bid to renegotiate the terms of its bailout. Slovakia's prime minister said his country was running out of patience for bailing out its more free-spending neighbors. Cyprus opened talks with the European Union and the International Monetary Fund on a bailout for its troubled banks. The European Central Bank will announce later this week whether it will cut interest rates, a move that would likely drive markets higher but also signal that Europe's economy is still weak. Major indexes in France, Britain, Germany, Spain and Greece rose.
[Associated
Press;
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