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U.S. Stocks Advance After China Rebounds; Greek Deadline Looms

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U.S. stocks advanced with global markets as Chinese equities rebounded the most since 2009, easing concern over economic growth. Shares pared an early rally as Greece approached a deadline for securing a bailout.

Citigroup Inc. and Bank of America Corp. increased more than 1.4 percent as banks recovered from Wednesday’s drop. Walgreens Boots Alliance Inc. gained 4.2 percent after quarterly profits topped analysts’ projections. Apple Inc. slid 2 percent to lead technology shares lower, while semiconductors retreated for a fourth day.