Stocks had their biggest gains in more than two weeks Monday after European officials vowed to take action to resolve the region's debt problems. The Dow Jones industrial average jumped 272 points, making up about a third of last week's losses.
Financial officials met in Washington over the weekend and pledged to take bolder steps to fight Europe's debt crisis, which threatens to slow the global economy. President Barack Obama also called on European leaders to move more quickly to address the crisis.
The Dow Jones industrial average shot up 272.38 points, or 2.5 percent, to close at 11,043.86.
The Standard & Poor's 500 rose 26.52, or 2.3 percent, to 1,162.95.
The Nasdaq composite rose 33.46, or 1.4 percent, to 2,516.69.
For the year to date:
The Dow is down 533.65, or 4.6 percent.
The S&P 500 is down 94.69, or 7.5 percent.
The Nasdaq is down 136.18, or 5.1 percent.