Toronto, U.S. stock mar­kets solidly higher

Cape Breton Post - - BUSINESS - BY BRIAN MCKENNA TORONTO

North Amer­i­can mar­kets posted solid gains as traders took in en­cour­ag­ing de­vel­op­ments in the Greek debt ne­go­ti­a­tions ahead of a cru­cial week­end meet­ing, while a re­bound on Chi­nese mar­kets gained fur­ther trac­tion.

The S&P/TSX com­pos­ite in­dex closed up 132.58 points at 14,411.07, also helped by a re­port that showed a big in­crease in full­time em­ploy­ment in June de­spite an over­all loss of 6,400 jobs as 71,200 part-time po­si­tions were elim­i­nated.

In New York, Dow Jones in­dus­trial soared 211.79 points to 17,760.41, although the widely watched in­dex ended the week only slightly above where it started. The Nas­daq in­dex shot up 75.30 points to 4,997.70 and the S&P 500 ad­vanced 25.31 points to 2,076.62.

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