U.S. stocks rose, with
the Standard & Poor’s 500 Index posting its best three-day rally
this year, after Greece reached an agreement with its creditors.
The S&P 500 added
1.1 percent to 2,099.52 at 4 p.m. in New York, closing near its average
price during the past 50 days after the gauge earlier surged above its
100-day moving average for the first time this month.
Greek Prime Minister
Alexis Tsipras surrendered to European demands for immediate action to
qualify for up to 86 billion euros ($95 billion) of aid he needs to keep
his country in the euro area. The Greek parliament has until Wednesday
to pass into law key creditor demands including streamlining value-added
taxes, broadening the tax base to increase revenue and curbing pension
costs.
Source : Bloomberg
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