The broader U.S. stock market averages followed the lead of Europe on Monday and rallied 0.6% to 0.7% on the prospect of nearing a resolution to the Greece debt dispute. Energy, financial and health care names led the way higher on the session, while utility stocks lagged. Elsewhere, the yield on the benchmark 10-year U.S. Treasury note gained 11.8 basis points, to 2.376%.
Williams (WMB) was the big winner on Monday, gaining nearly 26%. The midstream energy operator said over the weekend that it turned down a $48 billion offer from Energy Transfer Equity (ETE). Energy Transfer shares dropped nearly 5% today. Elsewhere, recent initial public offering FitBit (FIT) followed through on momentum and added 14% to recent gains.
On the other hand, Ambarella (AMBA) fell nearly 21% on the session, after it was the subject of a negative research report from the short-selling firm Citron Research.
In after-hours action, Green Dot (GDOT) is up more than 29% after announcing it has maintained its money card program with Wal-Mart (WMT). The company also pledged to buy back $150 million of shares. Meanwhile, Sonic (SONC) is down 4% after reporting quarterly results.
Looking ahead to Tuesday morning, BlackBerry (BBRY), Carnival (CCL) and Darden Restaurants (DRI) headline the earnings calendar. On the economic front, we'll get a look at durables-goods orders and the FHFA house price index before the opening bell.