US markets climb in face of eurozone fears

Stocks on Wall Street rallied on strong industrial production figures today, despite renewed fears over a potential Greek exit from the euro.

US industrial production posted its fastest growth in over a year in April, up 1.1%, boosted by a surge in output from utilities and miners, and a manufacturing rebound. The news helped lift US shares, with the Dow Jones gaining 0.62% to 12,710, while the S&P 500 rose 0.61% to 1,338 and the Nasdaq advanced 0.47% to 2,907. The gains helped calm nerves after the euro hit a four-month low against the dollar this morning on heightened fears that Greece would be forced to exit the single currency. The euro fell more than 0.5% to $1.27 and also fell against the pound, slipping to 79.6 pe...