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Moody's Corporation
U.S. stocks hit record highs on Greek accord
U.S. stocks hit record highs on Greek accord

Wall Street nudged stocks to record highs as investors applauded a four-month extension of the tough bailout terms on Greece imposed by its European creditors. The market moves were modest, but so was the temporary deal: Greek and European financial officials agreed to extend the bailout terms while the two sides try to find a final deal over the staggering 320-billion euro (about $365 billion) debt and a series of economic reforms. Still, analysts said even a stopgap measure was not a foregone conclusion as the expiration of the original bailout agreement neared late Friday, and failure to find one could have roiled markets. "Both sides are taking a very hard line, and it...

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