US Stocks Rebound After Big Loss; European, China Markets Up


NEW YORK (AP) — U.S. stocks are moving higher in midday trading, bouncing back from a loss the day before, as investors anticipate that last-ditch talks would produce an agreement between Greece and its creditors.

Stocks were also higher in Europe and China Thursday.

Materials stocks rose as the prices of copper, energy and other commodities reversed a recent slide and turned higher. Mining company Freeport-McMoRan rose 2 percent.

The Dow Jones industrial average rose 155 points, or 0.9 percent, to 17,671 as of 11:45 a.m. Eastern time.

The Standard & Poor’s 500 index increased 17 points, or 0.9 percent, to 2,064 and the Nasdaq composite gained 50 points, or 1 percent, at 4,960.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.27 percent.

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