Stocks Roar Higher on Greece Optimism

U.S. stocks rose on Friday, sending the S&P 500 and Dow Jones Industrial Average to record levels on news that eurozone ministers agreed to a four-month extension of Greece’s bailout. The Dow Jones Industrial Average added 154.67 points, or 0.86%, to 18,140.44, booked a 0.7% gain over the week. The S&P 500 climbed 12.85 points, or 0.61%, to 2,110.30, gained 0.6% over the week. The Nasdaq Composite rose 31.27 points, or 0.63%, to 4,955.97 and gaining 1.3% over the week.

Euro-area finance ministers reached an accord that would keep bailout funds flowing to Greece in return for a commitment to meet certain conditions, buying time to work out the detail of longer-term Greek financing. Talks in Brussels between officials from the 19 euro-area finance officials concluded Friday evening with an agreement to extend aid to Greece for four
months.

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday it had agreed to buy German motorcycle apparel and accessories retailer Detlev Louis Motorrad-Vertriebs GmbH for a little more than 400 million euros (297 million pounds).