NEW YORK: US stocks closed with solid gains on Monday as a bailout agreement for Greece that would avoid a potential Grexit, lifted sentiment and underpinned equities.
The Dow Jones Industrial Average rose 208 points, or 1.2%, to 17,969. The S&P 500 gained 21 points, or 1%, to 2,098. The Nasdaq Composite Index rose 71 points, or 1.4%, to 5,069.
US indexes tracked European peers’ gains supported by news Greece and institutions struck a potential deal for a third bailout package that would total € 86 billion through the Eurozone’s bailout fund, the European Stability Mechanism, or ESM. The programme now has to be approved by the Greek Parliament.
