U.S. Stocks Open Flat as Greek Parliament Approves Austerity Measures

The Greek Parliament approved austerity measures consisting of harsh spending cuts and tax hikes after a marathon debate. The vote paves the way for a $93 billion rescue package which eurozone Finance Ministers will discuss today. Producer Prices in July show little inflation, rising .2%. Shake Shack (SHAK) options on shares debut today. J.C. Penney (JCP) reported a narrower loss than expected. Outgoing CEO Marvin Ellison says the report shows that its changes are taking hold as it strives to be a world class retailer. Nordstrom (JWN) showed a profit that was more than analysts had expected. Nordstrom also gave an update on its Canada expansion saying it will open its third store this year, in Vancouver. It hopes to open 6 stores.