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Four S&P sectors are up more than 12 percent this year: Telecom, tech, consumerdiscretionary and health care.
EU leaders at a summit in Brussels agreed that euro area rescue funds could be used to stabilize bond markets without forcing countries that comply with EU budget rules to adopt extra austerity measures or economic reforms.
The deal had followed Spain and Italy's earlier withholding of support for a growth package. European shares jumped to finish at a seven-week high following the deal announcement, but exact details of the agreement have yet to be worked out.
“It’s going to be very interesting when [Merkel] tries to sell this to the German people because this is a very unpopular decision on her part to compromise, but this is a breakthrough that we’ve been waiting for and it bodes very well for the markets,” said Michael Yoshikami, CEO and founder of Destination Wealth Management on CNBC's " Fast Money Halftime Report ."
Apple climbed after Pacific Crest raised its price target on the iPad maker to $690 from $630.
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