Summary Box: Hopes for Greece lift stocks

AP News
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Posted: Jun 27, 2011 5:50 PM
Summary Box: Hopes for Greece lift stocks

GREECE: Signs that a widespread European debt crisis could be averted helped send stocks up Monday, after French banks agreed to accept slower repayment of Greece's debt. That would give Greece more time to meet its other financial obligations.

AMAZON: Amazon.com Inc. rose 4.5 percent, the top-performing company in the S&P 500. Morgan Stanley analysts said the online retailer should benefit from expanding international sales.

THE INDEXES: The Dow rose 108.98 points, or 0.9 percent, to close at 12,043.56. The S&P 500 index rose 11.65, or 0.9 percent, to 1,280.10. The Nasdaq rose 35.39, or 1.3 percent, to 2,688.28.