Indications that Greece moved closer to a debt deal boosted the markets to a sharply higher close with the Dow soaring 103 points to 18,119. Nasdaq climbed 36 points to 5,153.
On the upside
Goodrich Petroleum (NYSE: GDP) began completion operations on two of six uncompleted wells in the Tuscaloosa Marine Shale.
Hach will acquire Sutron (Nasdaq: STRN) in an all cash deal valued at approximately $39 million.
China Information Technology (Nasdaq: CNIT) received an offer to take the company private.
On the downside
AK Steel (NYSE: AKS) blamed lower carbon steel prices for widening its loss forecast for the second quarter.
DS Healthcare Group (Nasdaq: DSKX) announced a distribution agreement in Egypt with MultiTrade but the stock price fell.
Shares of Williams Partners (NYSE: WPZ) dropped even as Williams Companies (NYSE: WMB) rejected an acquisition offer from Energy Transfer Equity (NYSE: ETE).
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 12 points to 2122. Bitcoin rose $4 to $247.
Markets surge as Greece inches closer to deal
June 22, 2015 at 17:50 PM EDT
