NEW YORK (AP) --- U.S. stocks are closing higher after Greece reached an agreement with its creditors.
Greece still has to pass several reforms this week and take other steps before it gets new assistance.
The gains were broad Monday. Nearly three stocks rose for every one that fell on the New York Stock Exchange. Every sector in the S&P 500 made gains.
The Dow Jones industrial average gained 217 points, or 1.2 percent, to 17,977.
The Standard & Poor's 500 index increased 22 points, or 1.1 percent, to 2,099. The Nasdaq composite climbed 73 points, or 1.5 percent, to 5,071.
Microsoft rose 2 percent after the company said it would roll out Windows 10 in late July.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.44 percent.