North Amer­i­can stock mar­kets surge on Greek debt deal

Cape Breton Post - - CLASSIFIEDS/BUSINESS -

Stock mar­kets surged Mon­day as news of a ten­ta­tive deal be­tween Greece and its cred­i­tors brought out buy­ers on both sides of the At­lantic.

Toronto’s S&P/TSX com­pos­ite in­dex closed up 122.15 points at 14,533.22, build­ing on another triple-digit gain Fri­day when news of a likely agree­ment on Greek debt be­gan to emerge.

In New York, the Dow Jones in­dus­trial av­er­age shot up 217.27 points to 17,977.68 af­ter soar­ing al­most 212 points on Fri­day.

The Nas­daq also en­joyed another big day, ris­ing 73.81 points to 5,071.51 on top of a 75-point gain the pre­vi­ous ses­sion, while the S&P 500 ad­vanced 22.98 points to 2,099.60.

The strength on North Amer­i­can mar­kets fol­lowed a rally on

Euro­pean bourses that saw Ger­many’s DAX climb 1.4 per cent, while France’s CAC 40 surged two per cent and Bri­tain’s FTSE 100 rose 0.7 per cent.

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