Markets
US stocks jump ahead of Greece talks
NEW YORK : US stocks rallied at the open on Wednesday ahead of talks between the leaders of Germany, France and Greec
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NEW YORK: US stocks rallied at the open on Wednesday ahead of talks between the leaders of Germany, France and Greece aimed at averting a Greek default.
The Dow Jones Industrial Average climbed 66.98 points (0.60 percent) to 11,172.83 in the first five minutes of trading.
The broader S&P 500 rose 6.29 points (0.54 percent) to 1,179.16, while the tech-heavy Nasdaq Composite jumped 20.05 points (0.79 percent) to stand at 2,552.20.
The early gains came despite the downgrade of two major French banks, Credit Agricole and Societe Generale, by Moody's ratings agency, which cited their exposure to Greece and their ability to withstand financial shocks.
Copyright AFP (Agence France-Presse), 2011
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