THE DAILY TELEGRAPH: Stock markets on Wall Street on Friday hit highs not seen in nearly four years as hopes of a Greek rescue deal and improving US economic data brought out buyers.
The Dow Jones Industrial Average hit an intra-day high of 12,953.43, its highest level since May 2008, while at 1,363.40, the S&P was also close to levels not seen since before the financial crisis.
Having been rattled by Europe's debt confidence last year, Wall Street investors ended the week with hopes that European leaders will be able to seal a second bail-out for Greece on Monday.
Wall Street has enjoyed a strong start to the year, with the S&P up almost 10pc. The rally has been spurred by evidence the US economy may at last be gaining some momentum. » | Richard Blackden, US business editor | Friday, February 17, 2012
