Although the concern of the Greek question remained, markets rallied on hope that Greece was moving closed to a deal. The Dow futures rose 152 points, or about 0.85% in New York and S&P 500 E-mini were up 0.91%. Nasdaq 100 E-mini futures were higher by 1%.
The euro was slightly down 0.05% as a new proposal by Greek Prime Minister Alexis Tsipras drew a rare positive reaction from European officials who indicated it could help break the impasse during talks on Monday, Bloomberg reported. The new offer "was a good basis for progress" ahead of Monday's emergency summit, European Commission spokesman Martin Selmayr, said on Twitter.
Williams Cos. (WMB) rejected a takeover offer, the Wall Street Journal reported, from Energy Transfer Equity (ETE), whose operating segments include investment in Action Alerts PLUS holding Energy Transfer Partners (ETP).
"[It's a] gutsy offering that would put Energy Transfer among the biggest oil companies in the country," The Street's Jim Cramer said.
Over the weekend, Anthem (ANTM) raised its offer for Cigna (CI) to $47.5 billion on Saturday, but the offer was reportedly rejected Sunday. And Aetna (AET) made a takeover proposal to Humana (HUM) for an undisclosed amount, the Journal reported.
Abroad, Altice, the Luxembourg-based telecommunications company, reportedly offered about $11.4 billion to buy French mobile operator Bouygues Telecom, sources told the Journal.
Looking ahead, today, we'll be watching Sonic (SONC), which reports earnings after the close. "I expect Sonic to report a solid quarter," Cramer told his viewers on CNBC's "Mad Money," praising the company's buyback program.