US stocks open higher as hopes rise for late deal on Greece
Jun 30, 2015, 7:00 AM
Currency traders watch monitors at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Tuesday, June 30, 2015. Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries. (AP Photo/Ahn Young-joon)
(AP Photo/Ahn Young-joon)
NEW YORK (AP) — U.S. stocks are rising broadly in early trading as investors hope for a last-minute deal on Greece’s debt woes.
The rebound Tuesday came a day after U.S. markets had their biggest plunge of the year.
The Dow Jones industrial average rose 97 points, or 0.6 percent, to 17,691 as of 9:35 a.m. Eastern time Tuesday.
The Standard & Poor’s 500 index gained 14 points, or 0.7 percent, to 2,071.
The Nasdaq composite climbed 35 points, or 0.7 percent, to 4,994.
Energy stocks rose more than the rest of the market as the price of crude oil increased. Exxon Mobil rose the most in the Dow.
European markets were mostly higher.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.37 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
