US shares rise on Greek hope - New York Report

US STOCKS finished up after a choppy trading day as investors held out hope yesterday for a deal to keep Greece in the euro even as it veered close to a potential debt default.

Greece, hours from missing a €1.6bn payment due to the International Monetary Fund, submitted a new aid proposal to its creditors, calling for debt restructuring in what seemed like a last-ditch effort by Athens to resolve its impasse with lenders.

After starting with a rally and then turning negative, Wall Street reversed course again in the afternoon on hopes that Greece’s Prime Minister Alexis Tsipras was showing signs of willingness to talk.

The Dow Jones industrial average rose 23.16 points, or 0.13 per cent, to 17,619.51, the S&P 500 gained 5.48 points, or 0.27 per cent, to 2,063.12 and the Nasdaq Composite added 28.40 points, or 0.57 per cent, to 4,986.87.

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