U.S. stocks open higher on Greece hopes

U.S. stocks opened higher on Tuesday as Greek debt talks continue on the positive track.

With no breakthrough during Monday's Eurogroup summit in Brussels, talks on the long-awaited deal for the Greek debt resolution will be continued with a view to strike a compromise by the weekend, according to the Greek government and its international lenders.

The updated proposal the Greek side submitted on Monday foresees fiscal adjustment measures and fiscal reforms of about 8 billion euros (9.1 billion U.S. dollars) in total for 2015 and 2016, in exchange for the disbursement of more aid to Athens to avert default and a possible exit from the single currency in coming weeks, Greek media reported.

In order to balance the tough measures, the Greek side focuses on European financing of growth boosting measures and the request for a debt relief to ensure the sustainability of the Greek debt load, Greek government sources said on Monday night as the meeting of the leaders was wrapping up.

On the economic front, U.S. new orders for manufactured durable goods in May decreased 4.1 billion U.S. dollars or 1.8 percent to 228.9 billion dollars, exceeding market consensus of a 0.6-percent decline, the Department of Commerce announced Tuesday.

U.S. stocks posted sizable gains on Monday, with the Nasdaq Composite Index setting its fifth closing record for the year, boosted by the improvement in Greek debt situation.

Shortly after the opening bell, the Dow Jones Industrial Average rose 31.13 points, or 0.17 percent, to 18,150.91. The S&P 500 added 3.78 points, or 0.18 percent, to 2,126.63. The Nasdaq Composite Index was up 8.27 points, or 0.16 percent, to 5,162.24. Endi