Optimism over Greek deal boosts markets

Optimism that Greece may reach a new debt deal boosted the markets to a sharply higher close with the Dow leaping 139 points to 17,868. Nasdaq jumped 61 points to 4,787.

On the upside

TheStreet noted that Exelixis (Nasdaq: EXEL) was one of four biotechnology stocks that surged today.

Fourth quarter earnings surged for Martin Marietta Materials (NYSE: MLM) to beat analyst expectations.

Monster Worldwide (NYSE: MWW) widened losses for the fourth quarter but the results were better than expected.

On the downside

Amira Nature Foods (NYSE: ANFI) denied allegations of fraud but the stock price continued to fall.

Retreating crude oil prices weighed down shares of Oasis Petroleum (NYSE: OAS) and Denbury Resources (NYSE: DNR).

Investors continued to lock in profits on Acorda Therapeutics (Nasdaq: ACOR).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 2068. Bitcoin slipped a point to $218.
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