U.S. Market Shakes Off Greek Worries and Advances

By: Joshua Freed, Associated Press
By: Joshua Freed, Associated Press

New York, NY (AP) - Stocks are finishing higher as investors shake off their worries about Greece.

The Dow Jones industrial average climbed 73 points to close at 12,874. It was the first day of trading after the Greek parliament agreed to spending cuts required for another bailout. They made the cuts despite rioting and fires in Athens.

The broader Standard & Poor's 500 index rose nine points to 1,352. The Nasdaq composite rose almost 28 points to 2,931.

The gains erased most of what stocks lost Friday.

Apple crossed $500 per share for the first time, with a 1.5 percent rise to $501.

Advancing stocks outnumbered decliners 3-to-1. Nine out of 10 stock categories in the S&P rose. Only utilities fell, and they fell very slightly. Volume was lighter than average, 3.4 billion shares.

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