Enthusiasm for a Greek debt deal boosted the markets to a sharply higher close with the Dow rocketing 217 points to 17,977. Nasdaq leaped 73 points to 5,071.

On the upside

Applied Optoelectronics (Nasdaq: AAOI) reported preliminary second quarter results ahead of previous guidance.

Bloomberg reported that Vale (NYSE: VALE) cut its iron ore production.
 
Pivotal Research Group analyst Brian Wieser trimmed his price target on Facebook (Nasdaq: FB) to $105 from $107 but the stock price climbed.
 
On the downside

Investors locked in profits on XOMA (Nasdaq: XOMA).

Plexus (Nasdaq: PLXS) warned that third quarter earnings and revenue would miss previous guidance.

Retreating gold prices weighed down shares of Kinross Gold (NYSE: KGC).

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 7 on Nasdaq. The broader S&P 500 soared 22 points to 2099. Bitcoin tumbled $20 to $285.