LONDON: U.S. stocks rose Tuesday, buoyed by hopes for a deal between Greece and its international creditors.
The Dow Jones Industrial Average climbed 139.55 points, or 0.8%, to 17868.76. Coca-Cola Co. was among the biggest gainers in the index after its fourth-quarter profit beat analyst expectations
The S&P 500 rose 21.85 points, or 1.1%, to 2068.59, its highest close of 2015. The Nasdaq Composite gained 61.63 points, or 1.3%, to 4787.64.
Apple Inc.’s shares climbed 1.9% and closed with a market capitalization above $700 billion for the first time, the first U.S. Company to do so.
The U.S. stock market has seen bumpy trading in 2015. The Dow had been down as much as 3.7% for the year as of Jan. 30, but now it is nearly flat year-to-date, up 0.3%. The S&P 500 is currently up 0.5% for the year.
Tuesday’s stock-market move reversed Monday’s losses, when stocks fell amid worries about the standoff between Greece and its creditors. The standoff pushes Greece closer to a default and has revived fears of the prospect of a forced exit by the country from Europe’s single-currency union.
