The Dow Jones opened above 11,000 for the first time since September 2008 as investor confidence surged on the back of an agreement to provide a loan package for Greece.
US shares continued their strong showing from Friday, when the Dow hit the 11,000 milestone for the first time since September 2008. Investors are focusing on a 30bn euro loan package for Greece agreed by eurozone countries on Sunday. As at 1600 GMT, the blue-chip index was up 0.21%, or 23 points, to 11,020 points. Aluminium producer Alcoa is up 2.2% ahead of an expected positive earnings report and General Electric (up 1.68%) and Caterpillar (up 2.24%) are amongst the day's top performers. Meanwhile, the FTSE has remained relatively static after kicking off the day's trading on a ...
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