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US stocks gain following latest Greek debt deal

Created on Monday, 13 February 2012 09:55

Category: US Markets

U.S. stocks are higher at midday after Greece's parliament voted for spending cuts so it can get a bailout to save the country from bankruptcy.

The Dow Jones industrial average is up 51 points at 12,852. The broader Standard & Poor's 500 index is up six points at 1,349. The Nasdaq composite is up 19 points to 2,923.

In earlier trading Monday, the Dow had risen as much as 83 points.

Gains in the U.S. are broad-based, with all 10 categories of stock in the S&P 500 rising. Financial stocks are the biggest gainers. Bank of America is up 2 percent.

Apple rose 1.4 percent and for the first time crossed $500 per share, before falling back to $499.69.

Courtesy Yahoo Financial News

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