U.S. stocks gained Friday as Greece moved closer to sealing a deal for new loans from its creditors. European markets also rose sharply. China’s stock market climbed for a second day, reversing course after a monthlong slump.
For the day:
The Dow Jones industrial average rose 211.79 points, or 1.2 per cent, to 17,760.41.
The Standard & Poor’s 500 index gained 25.31 points, or 1.2 per cent, to 2,076.62.
The Nasdaq composite climbed 75.30 points, or 1.5 per cent, to 4,997.70.
For the week:
The Dow is up 30.30 points, or 0.2 per cent.
The S&P 500 index is down 0.16 points, or 0.01 per cent.
The Nasdaq is down 11.52 points, or 0.2 per cent.
For the year:
The Dow is down 62.66 points, or 0.4 per cent.
The S&P 500 index is up 17.72 points, or 0.9 per cent.
The Nasdaq is up 261.64 points, or 5.5 per cent.