U.S. Stocks Rise to Records in Week on Greek Deal, Fed Rate Bets

U.S. stocks rose for the week, sending the Dow Jones Industrial Average to its first record of the year, as Greece reached a deal on its bailout program and investors speculated the Federal Reserve will keep rates lower for longer.

The Standard & Poor’s 500 Index climbed 0.6 percent to a record 2,110.3 in the holiday-shortened week. The Dow average advanced 121.09 points, or 0.7 percent, to 18,140.44 to top its closing high from Dec. 26. The Nasdaq Composite Index extended its rally to eight days in capping a 1.3 percent gain in the week. The Russell 2000 Index of small companies rose 0.7 percent to a record. Markets were closed Feb. 16 for Presidents’ Day.