How the major stock indexes fared Monday

AP News
Posted: Jun 27, 2011 5:39 PM
How the major stock indexes fared Monday

Signs that a widespread European debt crisis could be averted helped send stocks up Monday. French banks agreed to accept slower repayment of Greece's debt, giving Greece more time to meet its other financial obligations. French banks hold $21.3 billion in Greek government debt.

Greek lawmakers also began debate more budget-cutting measures. Greece's parliament needs to pass the new austerity plan this week before the country can receive a $17 billion installment from a rescue package arranged last year.

The Dow Jones industrial average rose 108.98 points, or 0.9 percent, to close at 12,043.56.

The Standard & Poor's 500 index rose 11.65, or 0.9 percent, to 1,280.10.

The Nasdaq composite index rose 35.39, or 1.3 percent, to 2,688.28.

For the year to date:

The Dow is up 466.05, or 4.0 percent.

The S&P is up 22.46, or 1.8 percent.

The Nasdaq is up 35.41 points, or 1.3 percent.