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US: Stocks rise on hopes for Greek deal


[NEW YORK] Wall Street stocks rose in opening trade on Monday, following European equity markets higher on hopes of a breakthrough in negotiations to avert a Greek debt default.

Five minutes into trade, the Dow Jones Industrial Average was at 18,143.20 up 127.25 points (0.71 per cent).

The broad-based S&P 500 gained 15.46 (0.73 per cent) at 2,125.45, while the tech-rich Nasdaq Composite Index advanced 39.25 (0.77 per cent) to 5,156.25.

European markets surged on reports that the Greek government has shifted its position on pension reforms and some other issues that have held up the talks.