DOW

Dow 12,414.34 +152.92 +1.25%

By: Jeff Cox
CNBC.com Staff Writer

Stocks closed the second quarter on a bullish note, helped by Greece's efforts to stave off default and despite the end of the Federal Reserve's stimulus program.

For the quarter, the major averages were flat to lower. The Dow Jones Industrial Average inched up 0.8 percent over the last three months, while the S&P 500 eased 0.4 percent and the small-stock Russell 2000 fell 1.8 percent.

For Thursday, the averages rose more than 1 percent across the board, pushed higher by semiconductors and industrials, while big banks lagged.

The Greek parliament passed a second crucial vote to introduce 28 billion euros of spending cuts, tax hikes and privatizations.

In exchange, the International Monetary Fund will release the latest installment, or tranche, of its bailout fund to keep the Greek government running.

Market momentum also got a boost from a surprise in the Chicago Fed manufacturing reading. The Purchase Manager's Index registered a 61.1 reading, up from May's 56.6 and ahead of expectations for a 53. Anything about 50 is considered an expansion.

At the same time, investors were not dismayed by another sign of weakness in the jobs market. The Labor Department reported 428,000 new jobless claims filing, more than the expected 420,000 and indicating continued weakness in the vital part of the economy.