U.S. stocks gain following latest Greek debt deal
In Europe, the FTSE 100 in Britain rose 0.9 percent to 5,906. Germany’s DAX rose 0.7 percent to 6,738. The CAC-40 in France rose slightly to 3,385. In Athens, stocks rose 4.6 percent.
In Asia, Japan’s Nikkei 225 closed 0.6 percent higher at 8,999, and Hong Kong’s Hang Seng gained 0.5 percent.
Investors were not ready to leave the haven of bonds in great numbers. Prices bounced between gains and losses as traders appeared skeptical that Greece was past its debt problem. The yield on the 10-year Treasury note was 1.98 percent, flat from Friday.
Oil rose to $100.49 per barrel in New York. Gold rose slightly to $1,726.60 per ounce.
Among other stocks in the news:
— ATM maker Diebold Inc. rose 9 percent after it reported strong sales to banks, a sign they may be willing to spend more to upgrade their technology.
— Chesapeake Energy Corp. rose 2.4 percent after saying it will try to raise as much as $12 billion by selling assets to pay down debt.
— Regeneron Pharmaceuticals Inc. rose almost 12.3 percent after it said sales of its eye drug Eylea should reach $300 million, up from its previous forecast of $160 million.
— AmerisourceBergen Corp. fell 3.6 percent after the prescription drug distributor said its chief financial officer left to pursue other interests.
— The Madison Square Garden Co., following the winning streaks of the NHL’s Rangers and the NBA’s Knicks, rose 3.8 percent. “Linsanity,” the fervor over the Knicks’ surprise point guard, Jeremy Lin, should help revenue. Over five games, Lin is racking up an average of 27 points, or about four more than the Dow on a typical day this year.