US stocks stage solid rally on Greek deal hopes

NEW YORK (AFP) - Wall Street stocks scored a solid rally Tuesday on hopes for a deal to avert a Greek debt default and on encouraging earnings from Coca-Cola.

As the market closed, the Dow Jones Industrial Average was at 17,865.55, up 136.34 points (0.77 per cent).

The broad-based S&P 500 gained 21.57 (1.05 per cent) at 2,068.31, while the tech-rich Nasdaq Composite Index advanced 61.63 (1.30 per cent) to 4,787.64.

The market gained "a boost from increased speculation that Greece may be nearing a compromise with its international creditors regarding its bailout agreement," Charles Schwab & Co said.

The Greek stock market vaulted 8 per cent higher on hopes that a meeting Wednesday in Brussels with euro zone finance ministers would yield progress on a deal to avert a sovereign debt default.