Greek Prime Minister Alexis Tsipras and International Monetary Fund

economic data: The S&P 500 advanced 19.28 points, or 0.92 percent, to 2,123.48, according to Xinhua China. The Nasdaq surged 73.84 points, or 1.47 percent, to 5,106.59. The Dow Jones Industrial Average rose 121.45 points, or 0.67 percent, to 18,162.99. With no major economic data due Wednesday, investors shifted their attention to the Greek debt situation. On June 5 Greece needs to repay a 300-million-euro loan installment to the International Monetary Fund, after paying pensions and salaries to public servants this week. Greek Prime Minister Alexis Tsipras expressed optimism Wednesday that Greece and its creditors were close to reaching a deal on the future handling of the Greek debt crisis after four months of tough negotiations. "We're in the final stretch; we're close to a deal," the Leftist leader said after a meeting of his government economic team at the Finance Ministry, amidst media reports in Athens that a positive result could come by next Monday on time to secure international funding for the debt-laden country to avoid a potential credit event in June. (news.financializer.com). As reported in the news.