The Dow Jones industrial average today closed at its highest level in 1½ years with stocks rising as concern ebbed over Greece's debt crisis.
The Dow was up 8.62, or 0.08%, at 11,005.97; the S&P 500 rose 2.11, or 0.18%, at 1,196.48; and the Nasdaq composite was up 3.82, or 0.16%, at 2,457.87. All numbers are preliminary.
The Dow last closed above 11,000 on Sept. 26, 2008, at 11,143.13.
Leaders of the 16 countries that use the euro agreed to make $40.5 billion in loans available to Greece to help the country ease its public debt burden. The International Monetary Fund could contribute another $13.5 billion.
The loans would carry interest rates below what private lenders had been demanding in recent days to hold Greek debt. Traders had been worried Greece would default on its loans.
The Dow is coming off its sixth straight weekly gain. The index climbed above 11,000 for the first time since September 2008 in the final moments of trading April 9 before ending just below that threshold.