The European Union will provide Greece with an additional loan of 12 billion euros if the country approves stricter austerity measures. The markets closed higher with the Dow climbing 76 points to 12,080 while Nasdaq gained 13 points to 2629.
On the upside
Wall Street Cheat Sheet listed Talbots (NYSE: TLB) as one of last week's hot stocks.
Bargain hunters snapped up shares of online radio Pandora (NYSE: P), whose shares tumbled after making its market debut last week at $20 per share.
Silvercorp Metals (NYSE: SVM) announced on Friday after market close plans to repurchase up to 10 million common shares.
On the downside
Evercore Partners initiated coverage of Dice Holdings (NYSE: DHX) with an Overweight rating but the stock price fell.
Deutsche Bank analyst Jonathan Goldberg downgraded Skyworks Solutions (Nasdaq: SWKS) to a Hold rating.
Apple (Nasdaq: AAPL) added 14 more products to its patent infringement lawsuit against Samsung.
