The Dow has gained more than 300 points as US stocks rallied on higher oil prices and greater optimism over a deal to renegotiate Greece's debt. The Dow Jones Industrial Average jumped 305.36 points (1.76 per cent) to 17,666.40. The broad-based S&P 500 powered higher by 29.18 (1.44 per cent) to 2,050.03, while the tech-rich Nasdaq Composite Index gained 51.05 (1.09 per cent) at 4,727.74. US oil prices surged seven per cent to the highest level of 2015, adding some relief to markets that fear the steep drop in the commodity signals major global economic problems.
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