Analysts said the gains were triggered by reports that European officials are exploring ways to limit the damage should the Greek government default on its debt.

In the healthcare sector, there were several multi-point gainers for the first time in several sessions. Shares of Orexigen (NASDAQ:OREX) rose 14% after bouncing off newly formed technical support levels just under the $2 level. The biopharmaceutical company focused on the treatment of obesity's approach involves taking advantage of the synergy between established products, combined with novel science, resulting in unique mechanisms of action that act on the central nervous system. The company's drug combinations are designed to initiate and sustain weight loss by reducing appetite and increasing metabolism. The Company's lead product candidates are - 1) Contrave® is an investigational medication for the treatment of obesity; and 2) Empatic(TM) is a fixed-dose combination of zonisamide sustained release (SR) and bupropion SR.

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