US stocks rally on Greek vote, US data

NEW YORK: US stocks rallied Thursday, rising for the fourth day in a row after Greek lawmakers voted to implement a vital austerity plan and data showed business activity was up in the US industrial heartland.

The Dow Jones Industrial Average was up 148.83 points (1.21 percent) to stand at 12,410.25 in closing trade.

The broader S&P 500 rose 12.84 points (0.98 percent) to 1,320.25, while the tech-heavy Nasdaq Composite climbed 32.75 points (1.20 percent) to 2,773.24.

The gains came after the Greek parliament passed a bill needed to stave off a destabilizing default and the Institute for Supply Management said its index tracking economic activity in the Chicago region had jumped in June, beating forecasts.

Copyright AFP (Agence France-Presse), 2011