NEW YORK, May 31 (UPI) -- U.S. markets posted solid gains Tuesday after the Memorial Day holiday, following upswings in Asia and Europe.
Markets in Europe reacted to reports that Germany was dropping its demands for Greece to restructure its bonds, which would allow for a second round of international assistance for Greece, which has already borrowed $155 billion. Another $43 billion may be needed, The Wall Street Journal reported.
By close of trading on Wall Street, the Dow Jones industrial average added 128.21 points, 1.03 percent, to 12,569.79. The Standard & Poor's 500 index added 1.06 percent, 14.10 points, to 1,345.20. The Nasdaq composite index gained 1.37 percent, 38.44, to 2,835.30.
On the New York Stock Exchange, 2,298 shares advanced and 731 declined on a volume of 3.4 billion shares traded.
The benchmark 10-year treasury note rose 4/32 to yield 3.059 percent.
The euro rose to $1.4391 from Friday's $1.4283. Against the yen, the dollar rose to 81.50 yen from Friday's 80.93 yen.
In Tokyo, the Nikkei 225 index added 1.99 percent, 188.76, to 9,693.73.
In London, the FTSE 100 index rose 0.86 percent, 51.12, to 5,989.99.
