Summary Box: Early Greece rally fades; Apple rises

AP News
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Posted: Feb 09, 2012 4:59 PM
Summary Box: Early Greece rally fades; Apple rises

GREECE BANDS: U.S. stocks rallied in the morning after Greece announced it had reached a deal to cut costs and stave off a looming debt default. But stocks gave up much of their gains by the end of the day, and analysts warned that Europe still faces plenty of problems.

BY THE NUMBERS: The Dow rose as high as 12,924.71 in the afternoon, its highest level during a trading day since May 20, 2008. That was also the last day the average traded above 13,000.

APPLE LOVERS: Apple continued a weeks-long surge, climbing 4 percent after reports that it will unveil the iPad 3 next month. It went as high as $496.75, a record.