Markets
US stocks rise on Greek hopes
NEW YORK : US stock markets were up on Monday, as early fears of eurozone contagion gave way to optimism that Brussels
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NEW YORK: US stock markets were up on Monday, as early fears of eurozone contagion gave way to optimism that Brussels and Athens would tackle the Greek debt crisis.
The Dow Jones Industrial Average was up 76.48 points (0.64 percent) to 12,080.84 in closing trade.
The broader S&P 500 rose 6.90 points (0.54 percent) to 1,278.40, while the tech-heavy Nasdaq Composite gained 13.18 points (0.50 percent) to reach 2,629.66.
All three indices opened in the red, but quickly turned positive as investors became optimistic that the Greek government would survive a confidence vote in parliament set for Tuesday.
Copyright AFP (Agence France-Presse), 2011
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