U.S. stocks are higher in midday trading on higher oil prices and signs that the new Greek government won’t press for a write-off of its bailout loans.
European stocks also rose.
The Dow Jones industrial average rose 135 points, or 0.8 percent, to 17,496 at 11:45 a.m. Eastern time Tuesday.
The Standard & Poor’s 500 index climbed 10 points, or 0.5 percent, to 2,030. The Nasdaq composite was flat at 4,674.
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Energy stocks followed the price of oil higher, rising 1.6 percent, the biggest gain among the 10 industry sectors in the S&P 500.
U.S. benchmark oil gained $1.12 to $50.67 a barrel in New York. It’s the fourth day of gains for crude.