North American stock markets surge on Greek debt deal
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.