U.S. Stocks Close At Highest Level This Year On Greece Hopes

U.S. stocks rallied towards the end of the session Tuesday, sending the benchmark S&P 500 to its highest close this year. Investor optimism was fueled by hopes that embattled Greece and its creditors are nearing a compromise to avert a default, even though both sides continued to reiterate their stances. The mood on Wall Street was also boosted by better-than-expected earnings from companies such as Coca-Cola and CVS. The S&P 500 closed 21.84 points, or 1.1%, higher at 2,068.58 and turned positive for the year. The Dow Jones Industrial Average jumped 139.55 points, or 0.8%, to 17,868.76. The Nasdaq Composite added 61.63 points, or 1.3%, to 4,787.64