US stocks surge ahead of Greek vote


16/06/2012 07:19 AST  Business Times

US stocks powered higher Friday in the wake of Europe's market gains amid confidence that central banks will keep easy money flowing to smooth any turbulence following Greek polls and to offset slower growth.

Gains were registered across all sectors, as investors shrugged off worries of an imminent, turbulent Greek exit from the eurozone after the country elects a new government Sunday.

The Dow Jones Industrial Average closed 115.26 points (0.91 per cent) higher at 12,767.17.

The broad-market S&P 500 climbed 13.74 (1.03 per cent) to 1,342.84, while the tech-rich Nasdaq Composite added 36.47 (1.29 per cent) to 2,872.80.

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