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Stock rise as Greek leaders agree to cuts
US stocks rise as Greek leaders agree on austerity package, staving off default
By The Associated Press

NEW YORK (AP) ' U.S. stocks are opening higher, after Greek leaders agreed to cost-cutting measures aimed at preventing the country from defaulting on its debt next month.

The Dow Jones industrial average is up 32 points at 12,916. The broader S&P 500 futures are up 2 points to 1,352. Nasdaq composite futures are up 5 points to 2,921.

The Greek Prime Minister's office says the country's political factions have agreed to spending cuts that lenders were demanding. Greek leaders had resisted the cuts, and a series of deadlines for hammering out a debt agreement had already come and gone.



Stocks were also helped by U.S. jobs data. The number of people seeking unemployment assistance fell to its lowest level since April 2008.


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