13th February 2012
The Dow Jones Industrial Average (DJIA) witnessed a strong start to trading in the US this morning (February 13th) as a result of the latest Greek austerity deal.
Ratification of the latest Greek bailout package moved one step closer over the weekend, with the country's parliament voting in favour of tough new austerity measures to help keep the nation's finances under control, according to Fox Business.
As of 09:33 local time, the DJIA had gained 73.87 points (0.58 per cent) and the S&P 500 climbed 8.78 points (0.65 per cent), while the Nasdaq Composite Index rose by 22.46 points (0.77 per cent) to 2,926.18.
Earlier this month, the Wall Street Journal noted positive jobs data from the US Labor Department resulted in the DJIA and S&P 500 both making considerable gains.
The announcement revealed a better-than-expected reduction in joblessness in January, as well as the fact the economy added more new jobs during the period than had been forecast.
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