NEW YORK – Stocks resumed their slow but steady climb Tuesday as Greece appeared close to announcing a deal with creditors to cut its debt. The Dow Jones industrial average ended at its highest level since May 2008.
Stock indexes rose after a report that Greece and the investors who bought its government bonds were close to a deal to reduce what Greece owes. Greece’s crushing debt has unnerved financial markets around the world for two years.
“Just some kind of optimism overseas is going to be positive, considering many didn’t think anything was going to come to fruition,” said Stephen J. Carl, head equity trader at The Williams Capital Group.
A report that job openings soared to the highest level in almost three years in December also helped the U.S. market.
The Dow rose 33.07 points, or 0.3 percent, to close at 12,878.20. It has not closed higher since May 19, 2008, four months before the financial crisis. The Dow is roughly a 10 percent rally away from its all-time high.
The average fell 17 points to start the week. On Tuesday, it was down as much as 62 points in the first half-hour of trading.
McDonald’s rose 1.4 percent, best among the 30 stocks
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