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

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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