A deal giving Greece more time to repay its debts swung the U.S. stock market higher Friday and drove it to a record high.
While expected, the deal between the struggling country and its European creditors left investors relieved. Any failure to reach an accord could have sent tremors through markets at a time when Europe is trying to revive its regional economy.
The Dow Jones industrial average rose 154.67 points, or 0.9 percent, to 18,140.44.
The Standard & Poor's 500 index added 12.85 points, or 0.6 percent, to 2,110.30.
The Nasdaq composite rose 31.27 points, or 0.6 percent, to 4,955.97.
For the week:
The Dow Jones industrial average rose 121.09 points, or 0.7 percent.
The Standard & Poor's 500 index is up 13.31 points, or 0.6 percent.
The Nasdaq composite has gained 62.13 points, or 1.3 percent.
For the year:
The Dow is up 317.37 points, or 1.8 percent.
The S&P 500 index is up 51.40 points, or 2.5 percent.
The Nasdaq is up 219.91 points, or 4.6 percent.