(CNBC) — U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.
"Some of the tension has cooled off," said Jack Ablin, chief investment officer at BMO Private Bank, referring to late-afternoon reports that Greece's financial minister revealed a plan to end confrontation with its creditors.
"In essence that will help us alleviate some of the Greece, Europe pressure," said Art Hogan, chief market strategist at Wunderlich Securities."
Advertisement - story continues below
