01-07-2015 17:41 via news.yahoo.com

Wall Street higher on Greece hopes, strong U.S. data

U.S. stocks rose on Wednesday after Greece's prime minister signaled he was prepared to accept most of creditors' bailout terms and a raft of U.S. data pointed to a stronger economy. Adding to the positive tone, financial stocks rallied after Swiss insurance giant ACE snagged a deal to buy upmarket property insurer Chubb for $28.3 billion. Greek Prime Minister Alexis Tsipras made his new offer a day after the country became the first advanced nation to default on an IMF loan.
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