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February 8, 2012

Stocks erase early losses

NEW YORK (AP) — Stocks resumed their slow but steady climb Tuesday as Greece appeared close to announcing a deal with creditors to cut its debt. The Dow Jones industrial average ended at its highest level since May 2008.

Stock indexes rose after a report that Greece and the investors who bought its government bonds were close to a deal to reduce what Greece owes. Greece's crushing debt has unnerved financial markets around the world for two years.


 
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