US stocks open higher following gains in European markets
By Associated Press
Jul 1, 2015 8:42 AM CDT
FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange, in New York. Hopes that a deal between Greece and its creditors could be cobbled together in time to avoid a messy Greek exit from the euro sent stock markets across Europe sharply higher on Wednesday,...   (Associated Press)

NEW YORK (AP) — U.S. stocks are opening higher following gains in Europe as investors hope Greece can find a way to remain in the eurozone.

Greece's government appeared to be softening its stance toward its creditors, but European officials ruled out any deal before a Greek referendum this weekend.

Chubb Corp. soared 32 percent after the insurance company agreed to be acquired by Ace for about $28 billion.

The Dow Jones industrial average gained 160 points, or 0.6 percent, to 17,782 as of 9:35 a.m. Eastern time Wednesday.

The Standard & Poor's 500 index gained 16 points, or 0.8 percent, to 2,079. The Nasdaq composite climbed 45 points, or 0.9 percent, to 5,033.

European markets also rose. Germany's DAX increased 2.5 percent and France's CAC 40 2.4 percent.