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Dow Lands First Record Close of 2015 on Greek Deal

A relief rally drives shares higher.
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The Dow Jones Industrial Average scored its first record close of 2015 on Friday after reports that Greece has reached a deal with its creditors to avoid running out of money.

"This obviously is a relief for the markets," said Peter Cardillo, chief market economist at Rockwell Global Capital. The deal to extend Greece's bailout by four months removes the imminent risk of Greece running out of money and possibly being forced out of the euro single currency zone.

The S&P 500 ended the week at its third record close for the year. The Nasdaq also closed higher, within 100 points of the key 5,000 level. The relief rally drove the Dow up over 150 points to close unofficially at 18138.32.

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IN-DEPTH

-- NBC News staff and CNBC