Wall Street rallies on Greek deal; tech stocks jump

U.S. stocks finished sharply higher on Monday, with the Dow Jones industrial average re-emerging in positive territory for the year, after euro zone leaders reached a tentative deal to bail out Greece.

The improved European picture led to best three-day run this year for the S&P 500 and Nasdaq Composite.

Facebook (FB.O), Netflix (NFLX.O) and Amazon (AMZN.O) all hit record highs, while Apple's (AAPL.O) 1.93 percent rise gave the biggest boost to the Nasdaq.

Greece won conditional agreement to receive a possible $95 billion over three years, along with an assurance of talks to bridge a funding gap until a bailout is ready. The deal is contingent on Greece meeting a tight timetable to enact strict reforms.

"Headlines out of Greece are going to dissipate a bit and with that the U.S. earnings picture is going to start to emerge as the important factor," said Mike Binger, a portfolio manager at Gradient Investments in Shoreview, Minnesota, with $850 million under management. 

The Dow Jones industrial average .DJI rose 217.27 points, or 1.22 percent, to end at 17,977.68. The S&P 500 .SPX gained 22.98 points, or 1.11 percent, to 2,099.6 and theNasdaq Composite .IXIC added 73.82 points, or 1.48 percent, to 5,071.51. - Read More 

Wall Street rallies on Greek deal; tech stocks jump

Eurogroup studies bridge financing for Greece, decision seen Tuesay or Wednesday