NEW YORK — U.S. stock markets are reclaiming lost ground on hopes that Greece is heading toward a resolution in the European debt-reduction talks with private creditors.
A deal would mean the beleaguered country may be closer to securing its second bailout package.
Minutes after the opening bell Tuesday, the Dow Jones industrial average is up 60 points, or 0.5 percent, to 12,713.
The broader S&P 500 index is up 7 points, or 0.5 percent, to 1,319. The Nasdaq composite is up 14 points, or 0.5 percent, to 2,826.
The hopes came after a large majority of countries in the European Union late Monday agreed to sign a new treaty designed to stop overspending in the eurozone. Greece's prime minister indicated that progress was being made in his country's debt negotiations.
- Poll: Two-thirds of US would struggle to...
- Stocks move higher, led by technology and banks
- US home sales growth driven mostly by Midwest
- Diego Rivera painting sells privately for...
- G-7 finance leaders seek to reassure on...
- GE announces deals worth over $1.4 billion...
- New Mexico is first to sue EPA, mine owners...
- French raid Google over 'aggravated tax...
- Religious freedom is good for business,... 30
- If Hillary becomes president, will she... 18
- Can Donald Trump fix the U.S. economy... 14
- Poll: Two-thirds of US would struggle... 13
- Trump proposes wall to protect golf... 7
- John Williams remembered by friends as... 7
- Utah aglow with new solar developments,... 6
- New Mexico is first to sue EPA, mine... 5