NEW YORK (Reuters) – Stocks climbed on Tuesday as optimism that new aid for Greece was on the horizon lifted the euro against the dollar, overshadowing another round of weaker-than-expected U.S. economic data.
Rising expectations for a second aid package sent oil higher, with U.S. crude futures up 2 percent to $102.48 a barrel. Exxon Mobil Corp (XOM.N) added 1 percent to $83.47, and Chevron Corp (CVX.N) gained 1.4 percent to $104.60. The S&P energy index (.GSPE) climbed 1 percent.
The firming of the euro helped lift metals prices, with copper rising to a four-week high. Mining company Freeport-McMoRan Copper & Gold Inc (FCX.N) edged up 0.5 percent to $51.96.
via news.yahoo.com
