U.S. Stocks Rise on Greek Austerity Vote

February 15, 2012

U.S. stocks rose, after the first weekly loss for the S&P 500 in 2012, as Greece approved austerity plans to secure rescue funds.Financial shares had the biggest advance in the S&P with Bank of America and Citigroup adding at least 1.5 percent. Apple rose 1.2 percent after briefly trading above $500 for the first time. Chesapeake Energy Corp. added 2.1 percent after the natural-gas driller said it's targeting as much as $12 billion in asset sales and joint ventures this year.