US stocks gain following latest Greek debt deal

US stocks gain following latest Greek debt deal

U.S. stocks opened higher today after Greece’s parliament voted over the weekend for spending cuts aimed at saving the country from bankruptcy.

Soon after trading began, the Dow Jones industrial average was up 54 points to 12,855. The broader Standard & Poor’s 500 index rose seven points to 1,349. The Nasdaq composite rose 20 points to 2,924.

Despite riots in Athens during the vote Sunday, the Greek government approved sharp cuts in civil service jobs, minimum wages and welfare. The cuts were required by international lenders in exchange for a $170 billion bailout package. Other details of the bailout still need to be finalized.

Gains in the U.S. were broad-based, with all 10 categories of stock in the S&P 500 gaining.

Shares of ATM maker Diebold Inc. rose almost 8 percent on strong sales to banks — a sign they may be willing to spend more to upgrade their technology.