U.S. Stocks Rally After Greece Reaches Agreement With Creditors
(Bloomberg) -- Paul Christopher, chief global market strategist at Wells Fargo Advisors, talks about investment strategy and global stocks. He speaks with Pimm Fox and Brendan Greeley on Bloomberg Television's "Bloomberg Markets." (Source: Bloomberg)
U.S. stocks rose, with the Standard & Poor’s 500 Index posting its best three-day rally this year, after Greece reached an agreement with its creditors.
Technology and consumer shares rose the most, with Google Inc., Microsoft Corp. and Facebook Inc. up at least 2 percent. Netflix Inc. and Amazon.com Inc. surged more than 2.7 percent. MarkWest Energy Partners LP jumped 14 percent as the pipeline unit of refiner Marathon Petroleum Corp. plans to buy MarkWest, the second-biggest U.S. processor of natural gas, for about $15.8 billion. Marathon rose 7.9 percent to a record.