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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  • by dog Location: gone on Feb 14, 2012 at 06:49 AM
    Greek economy coming to the U.S. thanks to oboma . Keep up the Info Gerry maby it will sink in to the uninformed what is going on , DEBT IS BAD.
    • reply
      by Gerry on Feb 14, 2012 at 07:46 AM in reply to dog
      You don't know what you're talking about. Greece borrows today for 10 years at 33.78%. The US borrows today for 10 years at 1.97%. Greece doesn't have its own currency, the US does. Every country which has problems today uses the euro, although not all countries that use the euro are having problems. Germany uses the euro and is borrowing today for 10 years at 1.92%. Portugal uses the euro and borrows today for 10 years at 12.19%.
      • reply
        by teacher on Feb 14, 2012 at 10:00 AM in reply to Gerry
        study monetary inflation gerry......always ends badly...always
    • reply
      by Anonymous on Feb 14, 2012 at 10:01 AM in reply to dog
      But Gerry has faith in JM Keynes even if he has never studied him
  • by Gerry Location: Tallahassee on Feb 13, 2012 at 04:51 PM
    As of 19:30 ET, Feb 13, the US borrows for 10 years at 1.97%. Total US national debt on 2/10/12 = $15.354 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.727 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
  • by Gerry Location: Tallahassee on Feb 13, 2012 at 04:45 PM
    I know I can trust somebody who posts anonymously or who posts with somebody's else's handle.
  • by Gerry on Feb 13, 2012 at 03:00 PM
    Look, I can go to a public internet sight and copy and paste their facts but have no idea what it means. I just wish I knew how many Americans are truly out of work (not the lying unemployment numbers) and I wish I knew what the real inflation rate was (not those lying government ones) and I wish I knew why low inflation numbers make GDP look better during high price inflation. Maybe some anonymous poster that is always right will school me because I seem to always be wrong
    • reply
      by Anonymous on Feb 14, 2012 at 03:43 AM in reply to Gerry
      Baa Haa You nailed it. Funny
      • reply
        by Gerry on Feb 14, 2012 at 06:15 AM in reply to
        This was posted by fake Gerry at 18:00. Whatever happened to Jack and mc?
    • reply
      by Gerry on Feb 14, 2012 at 06:16 AM in reply to Gerry
      I should have said this was posted by fake Gerry at 18:00.
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