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US stocks open higher as Greece moves closer to a debt deal
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US stocks open higher as Greece moves closer to a debt deal

An electronic screen shows the Hong Kong share index at a bank in Hong Kong, Friday, July 10, 2015. Asian stock rose for a second day on Friday as the Greek government proposed a broad financial overhaul to its creditors and Beijing's attempts to arrest a sharp slide in the Chinese market appeared to be working. But most Asian markets were still in the red from a week earlier. (AP Photo/Kin Cheung)

NEW YORK (AP) — U.S. stocks are posting solid gains in early trading as Greece moves closer to sealing a deal for new loans from its creditors.

European markets rose sharply on Friday. China’s stock indexes climbed for a second day, reversing course after a monthlong slump.

The Dow Jones industrial average gained 212 points, or 1.2 percent, to 17,759.

The Standard & Poor’s 500 index increased 23 points, or 1.1 percent, to 2,074 and the Nasdaq composite climbed 56 points, or 1.2 percent, to 4,979.

The gains were broad. Nine stocks rose for every one that fell on the New York Stock Exchange.

Cablevision Systems rose 8 percent, the most in the S&P 500 index.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.39 percent.

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