U.S. stocks rose, after equities capped their worst quarter since 2012, as Greece signaled it was ready to compromise to end a standoff over a bailout.
The S&P 500 climbed 0.6 percent to 2,074.85 at 12:18 p.m. in New York, after earlier rising as much as 1 percent. The Dow Jones Industrial Average added 110.94 points, or 0.6 percent, to 17,730.45. The Nasdaq Composite Index also advanced 0.5 percent.
Greek Prime Minister Alexis Tsipras said he’s willing to accept creditors’ latest offer as a basis for compromise. The July 5 referendum on more austerity and disagreements over pensions, spending and taxes remain sticking points. Greece missed a $1.7 billion repayment Tuesday to the International Monetary Fund after Europe’s leaders rebuffed its previous attempts to secure financing before bailout funding ended.
Source : Bloomberg