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US stocks follow global markets higher after Europe extends a lifeline to Spain
NEW YORK (AP) ' Stocks are opening higher on Wall Street, following markets higher across the globe after European countries said they would lend Spain as much as $125 billion to save its banks.
The Dow Jones industrial average gained 80 points to 12,637 at the open. The Standard & Poor's 500 index added eight points to 1,334, and the Nasdaq composite rose 18 points to 2,876.
The financial respite for Spanish banks sent European stocks higher: France's CAC-40 rose 1.2 percent, and the DAX in Germany surged 1.7 percent, while Spain's Ibex rose 2 percent.
The markets are also looking ahead to an election this weekend in Greece that will help determine whether that countries stays in the euro currency union.