Stocks shake off Greek worries and close higher
ASSOCIATED PRESS February 13, 2012 8:00AM
FILE - In this Feb. 1, 2012 file photo, specialist Paul Cosentino, right, works at his post on the floor of the New York Stock Exchange. Global markets rose on Monday, Feb. 13, 2012, after Greece's parliament approved a new set of austerity measures required by international lenders in exchange for a bailout that would save the country from bankruptcy next month. (AP Photo/Richard Drew, File)
Updated: February 13, 2012 5:10PM
Stocks are finishing higher as investors shake off their worries about Greece.
The Dow Jones industrial average climbed 73 points to close at 12,874. It was the first day of trading after the Greek parliament agreed to spending cuts required for another bailout. They made the cuts despite rioting and fires in Athens.
The broader Standard & Poor’s 500 index rose nine points to 1,352. The Nasdaq composite rose almost 28 points to 2,931.
The gains erased most of what stocks lost Friday.
Apple crossed $500 per share for the first time, with a 1.5 percent rise to $501.
Advancing stocks outnumbered decliners 3-to-1. Nine out of 10 stock categories in the S&P rose. Only utilities fell, and they fell very slightly. Volume was lighter than average, 3.4 billion shares.
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