US stocks lift on Greek talks
US stocks rose more than 1 per cent yesterday, with the S&P 500 snapping a six-day losing streak in a rebound from equities’ biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut.
Sentiment improved after G8 leaders gave verbal backing for Greece to stay in the euro and stressed over the weekend that their “imperative is to promote growth and jobs”.
Shares of Apple climbed 5.8 per cent, leading the Nasdaq to its biggest one-day percentage gain since December.
The Dow Jones industrial average jumped 135.10 points, or 1.09 per cent, to 12,504.48. The Standard & Poor’s 500 Index climbed 20.77 points, or 1.60 per cent, to 1,315.99. The Nasdaq Composite Index rose 68.42 points, or 2.46 per cent, to close at 2,847.21.