The Standard & Poor™s 500 Index erased losses for 2015, closing above a level where previous rallies fizzled out this year, as companies from Coca-Cola Co. to General Motors Co. surged and optimism grew over Greece talks.

The S&P 500 climbed 1.1 percent to 2,068.41 at 4 p.m. in New York, the highest level since Dec. 30. The gauge is 1 percent away from its all-time high. The Dow Jones Industrial Average added 138.91 points, or 0.8 percent, to 17,868.12. The Nasdaq 100 Index rallied 1.5 percent to the highest since December.

The S&P 500 closed above a level where previous rallies have failed. Since the start of the year, three separate advances in the benchmark gauge have fizzled out just above 2,060, data compiled by Bloomberg show.

Source : Bloomberg