The Dow Jones industrial average gained 84 points, or 0.66%, to 12,716. The Standard & Poor's 500 Index rose 12 points, or 0.89%, to 1,324. The Nasdaq Composite Index climbed 34 points, or 1.22%, to 2,848.
An index of the US manufacturing sector increased in January to its highest level since June, while China's factory sector expanded slightly, beating expectations for a contraction. Germany recorded its first rise in manufacturing output in four months.
U.S stock market outlook feb 2 response to upbeat manufacturing figures in the US and Europe that boosted confidence the global economy is recovering.
Sectors which gained the most were industrials, financials and basic materials. Caterpillar rose 1.3% and was the biggest boost to the Dow industrials. Whirlpool surged 13.5% after giving an optimistic full-year outlook.
Financials were the main beneficiary of the positive news on Greece. Bank of America rose 3.2% and Citigroup rose 2.9%. Morgan Stanley gained 4%.
Homebuilder shares were boosted after US data showed construction spending surged in December. PulteGroup jumped 5.1%.
Technology companies also rose with Microsoft advancing 1.2%. Hewlett-Packard increased 2.8%.
On the negative side, Amazon.com plunged 7.7% a day after the online retailer warned of a possible first-quarter loss and posted a steep decline in fourth-quarter profit.
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