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Wall Street soars after Greek bank merger


    NEW YORK (Reuters) - Stocks soared more than 2 percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe.

    The Dow Jones industrial average was up 254.41 points, or 2.25 percent, at 11,538.95. The Standard & Poor's 500 Index was up 33.29 points, or 2.83 percent, at 1,210.09. The Nasdaq Composite Index was up 82.26 points, or 3.32 percent, at 2,562.11.

    (Reporting by Edward Krudy; Editing by Leslie Adler)