Wall Street ends higher; Dow gains 150 points

ALSO READ See how Asian markets are doing

Wall Street staged a powerful surge on optimism that help was on the way for Greece to deal with its heavy debt burden. Also Read - How ADRs performed

The greenback's pullback as the euro rallied amid speculation of Greece bailout also supported equities.

The Dow Jones Industrial Average added 150.25 points, or 1.5%, to 10,058.64. The broader Standard & Poor's 500 Index gained 13.78 points, or 1.3, to 1,070.52, the Nasdaq Composite Index gained 24.82 points, or 1.2%, to 2,150.87.

As we mentioned, the dollar dropped on speculation that Greece could receive help from Germany as this news gave the euro strength. The dollar index fell 0.7% & slipped below the 80 mark.

Crude rose the most in a week as the dollar weakened. Oil prices gained 2.6% as the dollar tumbled the most since November, increasing the appeal of commodities as an alternative investment.

Gold too gained on the dollar's weakness and climbed over a percent.

Base metals stormed higher setting fresh intra-day highs in after-market trading as the dollar crumbled against a resurgent euro.