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Stocks have their first winning week since April

The Dow rose 43 points, the S&P 500 rose 4, and the Nasdaq lost 7, amid hopes that Greece will avoid another financial crisis

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Richard Drew / AP
In this June 16, 2011 photo, traders work on the floor of the New York Stock Exchange. Stocks closed higher this week for the first time since April.
  • By Daniel Wagner
  • David K. Randall Associated Press

Hopes for a solution to Greece's debt problems are helping stocks eke out their first week of gains since April.

Germany softened its stance on conditions for giving Greece more loans on Friday. Traders are hoping that the move will prevent Greece from defaulting on its loans and triggering another financial crisis.

The Dow Jones industrial average rose 43 points, or 0.4 percent, to 12,004. The S&P 500 rose 4, or 0.3 percent, to 1,271. Both had their first week of gains since April.

The Nasdaq composite edged down 7, or 0.3 percent, to 2,616.

Nearly two stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 4.4 billion shares.

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