Stock Hold Gains, Erasing Early Losses
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Posted: 4:22 PM Feb 7, 2012
Stock Hold Gains, Erasing Early Losses
The Dow rose 33 points to close at 12,878.
Reporter: Associated Press
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New York, NY (AP) - Stocks are ending higher as Greece appeared close to announcing a deal with creditors to reduce its debt.

The Dow Jones industrial average ended at its highest level since May 2008 Tuesday.

The Dow rose 33 points to close at 12,878. It hasn't closed higher since May 2008, before the financial crisis. It had been down as many as 62 points in the first half-hour of trading.

The Standard & Poor's 500 gained 3 points to 1,347. The Nasdaq composite rose 2 points to 2,904.

Indexes rose on a report that Greek leaders will soon tell European finance ministers they've formed a deal to reduce the country's massive debt. Stocks also rose on news that U.S. job openings soared to the highest level in nearly three years in December.

Latest Comments

Posted by: Gerry on Feb 9, 2012 at 12:41 PM

But, at least you have credibility because you're Gerry.
Posted by: Gerry Location: Tallahassee on Feb 9, 2012 at 08:08 AM

I really don't have an idea as to what I have said lately.
Posted by: Gerry Location: Tallahassee on Feb 8, 2012 at 07:56 PM

As of 19:45 ET, Feb 8, the US borrows for 10 years at 2.01%. Total US national debt on 2/7/12 = $15.344 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.717 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
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