U.S. Stocks Rally as Germany, France Express Support for Greece
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U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third day, as French President Nicolas Sarkozy and German Chancellor Angela Merkel said they are convinced Greece will remain in the euro zone.
All 10 groups in the S&P 500 advanced. General Electric Co., Home Depot Inc. and Monsanto Co. rose at least 2.4 percent, pacing gains in companies most-tied to economic growth. The Dow Jones Transportation Average, a proxy for the economy, added 2 percent, as FedEx Corp. climbed 1.4 percent. Dell Inc. advanced