Prospect of Greek deal lifts Wall Street - Financial Times

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By Michael Stothard in New York

Research in Motion tumbled to a 4½-year low after cutting its earnings outlook while US stocks snapped a six-week losing streak as better news from Europe was used as an excuse to buy into a depressed market.

Shares in RIM, the BlackBerry maker, fell 21.5 per cent to $27.75 after lowering its earnings expectations for both the current quarter and full year due to product delays and falling market share in the US.

EDITOR’S CHOICEOverview: Turbulent week for eurozone debt - Jun-17Fragile Greek relief rally under threat - Jun-17

Greece in focus

Short View: Temporary pain relief for investors - Jun-16Financials’ risk premiums jump sharply - Jun-17Financials suffer heavy selling - Jun-17Contagion fears send euro to record?low?against?Swiss?franc - Jun-17

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