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US stocks open higher amid optimism of Greek breakthrough

People look at an electronic stock board of a securities firm in Tokyo, Monday, June 22, 2015. Stock markets were mostly higher in Asia on Monday as investors shrugged off the latest twist in Greece's cash crunch crisis. (AP Photo/Koji Sasahara)

NEW YORK (AP) — U.S. stocks are opening higher on hopes of a breakthrough in Greece’s bailout discussions with its creditors even as few tangible signs of progress emerged from meetings in Europe.

The Dow Jones industrial average climbed 120 points, or 0.6 percent, to 18,129 as of 9:38 a.m. Eastern on Monday.

The Standard & Poor’s 500 index rose 13 points, or 0.6 percent, to 2,123.

The Nasdaq composite gained 31 points, or 0.6 percent, to 5,146.

Health insurer Cigna jumped after rejecting a $47 billion offer to be acquired by a larger rival Anthem.

Treasury prices fell, pushing the yield on the 10-year note up to 2.32 percent from 2.26 on Friday.

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