Software company Box (BOX) jumped in midday trading Wednesday on news of a collaboration with IBM (IBM) which will see Box users able to store files on IBM's cloud platform. Stocks had suffered slight losses by the middle of the session after Greece's list of reforms submitted on Monday were reportedly rejected by eurozone leaders. A special Eurogroup meeting will be held on Wednesday with hopes to present a deal at the European Union Summit on Thursday. Staples (SPLS) and Office Depot (ODP) were both moving lower. Investors grew nervous over their $6.3 billion merger after a federal judge blocked a similar deal between Sysco (SYY) and US Foods yesterday. Oil inventories declined for their eighth straight week.
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