Stocks rise as Greece gets a new bailout deal

AP News
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Posted: Jul 13, 2015 9:40 AM
Stocks rise as Greece gets a new bailout deal

NEW YORK (AP) — U.S. stocks are opening higher after Greece reached an agreement with its creditors on a new loan package that will help keep the country in the euro.

European and Asian markets also rose Monday.

Comcast rose 1.1 percent after the giant cable TV company said it would launch a streaming video service.

The Dow Jones industrial average gained 170 points, or 0.9 percent, to 17,760 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index increased 16 points, or 0.8 percent, to 2,093. The Nasdaq composite climbed 46 points, or 0.9 percent, to 5,044.

The gains were broad. Four stocks rose for every one that fell on the New York Stock Exchange.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.45 percent.