U.S. Stocks Open Sharply Higher as Greece Reaches Framework for a Deal

U.S. stocks soared higher at the open Monday as Greece agreed to a framework for a debt deal with the eurozone. The agreement came after 17 hours of intense weekend negotiations. It includes tax increases, pension reforms, changes to employment law as well as more competition among small businesses in Greece. It still needs to be voted on by Greece's Parliament. Meanwhile, the prospect of an Iranian nuclear deal is sending oil prices lower as a deal would include lifting of sanctions and potentially could flood the market with Iranian oil. Starbucks (SBUX) CEO Howard Schultz is spearheading an initiative to get more young people employed. He has gathered support from 20 other major American corporations for the 100,000 opportunities to find jobs, internships and apprenticeships for people 16-24 who are currently unemployed.