Stocks Rally As Greece Accepts Deal

U.S. stocks opened significantly higher on Monday after eurozone leaders over the weekend reached an agreement for a third bailout program for Greece. The Dow Jones Industrial Average lately jumped 185.27 points, or 1.04%, to 17,945.68. The S&P 500 gained 18.91 points, or 0.91%, to 2,095.53. The Nasdaq Composite wad up 55.94 points, or 1.12%, to 5,053.63.

Greece and its European creditors announced an agreement here on Monday that aims to resolve the country’s debt crisis and keep it in the eurozone, but that will require further budgetary belt-tightening that Prime Minister Alexis Tsipras could have trouble selling back in Athens.The agreement does not guarantee that Greece will receive its third bailout in five years. But it does allow the start of detailed negotiations on a new assistance package for Greece.

The oil market should be more balanced next year as China and the developing world use more oil while supply of fuel from North American shale grows more slowly, OPEC said on Monday.

Amazon’s (AMZN) Prime Day, scheduled for this Wednesday, will see a massive foe enter the online retail ring to offer its own mega-discounts to shoppers.

The pipeline operator MPLX said on Monday that it had agreed to acquire MarkWest Energy Partners, in a deal that values the company at about $20 billion, including debt.

BlackBerry Ltd named Carl Wiese as global head of sales on Monday, an appointment that comes at a critical juncture for the company, which needs to spur top-line growth in order for its turnaround efforts to succeed.

Comcast Corp. (CMCSA) introduced over the weekend its new “Stream” service for $15 a month for its Xfinity customers. The streaming cable service, which will launch in Boston at the end of the summer, and be available everywhere by early 2016, will include all the major broadcasting networks and HBO, and thousands of on demand movies and shows, Comcast said.