U.S. stocks are attempting to end May positive with futures up 1% in early trading, as European leaders agree more aid is needed for Greece. They also ruled out a "total restructuring" of Greek debt, calming concerns of investors that the nation would default.

Reports of additional aid for Greece also pushed international markets higher with the MSCI Asia Pacific Index gaining 1.4% and the Stoxx Europe 600 up as much as 1%.

The Euro currency received buying interest, sending the dollar lower and allowing most commodities to appreciate this morning. Silver continues to bounce back from a rough May, up over 1% in early trading, while gold and copper remain flat.

Crude oil reached the $102 level for the first time since May 11th; up 1.5% on news

TransCanada

(TRP) - Get TC Energy Corporation Report

closed the Keystone Pipeline that runs from Alberta, Canada to Cushing, Oklahoma where New York-traded oil is kept.

Oil stocks look to rally with crude oil, with the

Oil Services HOLDRs ETF

(OIH) - Get VanEck Vectors Oil Services ETF Report

and

Schlumberger

(SLB) - Get Schlumberger NV Report

up in early trading. The

iShares Silver Trust ETF

(SLV) - Get iShares Silver Trust Report

is up 1.6%, but

SPDR Gold Trust ETF

(GLD) - Get SPDR Gold Trust Report

is flat. The strength in grains, has

Potash

(POT)

up nearly 2%, while

Mosaic

(MOS) - Get Mosaic Company (MOS) Report

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benefits from a positive mention in Barron's, suggesting the company may be a good target for sovereign wealth funds from emerging countries.

The technology stocks extend their relative outperformance over the last few weeks, with domestic tech giants

Netflix

(NFLX) - Get Netflix, Inc. (NFLX) Report

,

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

and

Amazon

(AMZN) - Get Amazon.com, Inc. Report

acting better technically, trying re-establishing themselves as market leaders.

Chinese technology stocks

Sina

(SINA) - Get SINA Corp. Report

and

Baidu

(BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report

continue to be weighed down by overall pessimism in Chinese stocks, but have also responded recently to overall emerging market strength.

The financial sector remains a drag on the economy and stock market, as housing extends it weakness into the month of June. However, bank stocks are showing signs of life as

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report

and

CIT Group

(CIT) - Get CIT Group Inc. Report

have experienced strong rallies off May lows ahead of Friday's jobs number. Can the markets close the month strong?

Disclosures: Scott is long AAPL, POT, BAC, SINA and short SPY

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.