Stocks Rise As Greece Fear Wanes; Nasdaq Closes At New High

By Wallace WitkowskiMarketWatch Pulse

U.S. stocks pushed higher Thursday and the Nasdaq closed at a new high as Greece's parliament approved austerity measures needed for a bailout and Federal Reserve Chairwoman Janet Yellen testified for a second day before Congress. The Nasdaq Composite Index rose 64.24 points, or 1.3%, to finish at 5,163.18, a new closing high. The Dow Jones Industrial Average advanced 70.08 points, or 0.4%, to close at 18,120.25. The S&P 500 Index grew by 16.89 points, or 0.8%, to finish at 2,124.29.

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