U.S. Stocks Rally On Greek Deal Hopes, End Week Little Changed

By Anora MahmudovaMarketWatch Pulse

U.S. stocks rallied strongly on Friday on renewed hopes that debt-laden Greece will reach a deal with its creditors this weekend and stave off an exit from the eurozone. The S&P 500 posted its biggest one-day gain in two months, but ended the week virtually flat. The S&P 500 closed 25.31 points, or 1.2%, higher at 2,076.62. The Dow Jones Industrial Average jumped 211.79 points, or 1.2%, to 17,760.41 and eked out 0.2% weekly gains. The Nasdaq Composite rallied 75.30 points, or 1.5% to 4,997.70, but finished the week 0.2% lower.

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