Stocks surged Thursday after European leaders agreed on a deal to slash Greece's debt load and prevent the financial crisis there from engulfing larger countries like Italy. The Dow Jones industrial average had its biggest gain since Aug. 11th. Stronger U.S. economic growth and corporate earnings also drove markets higher. The Dow closed above 12,000 for the first time since Aug. 1.
The Dow Jones industrial average rose 339.51, or 2.9 percent, to close at 12,208.55.
The S&P 500 rose 42.59, or 3.4 percent, to 1,284.59.
The Nasdaq composite rose 87.96, or 3.3 percent, to 2,738.63.
For the week:
The Dow is up 399.76, or 3.4 percent.
The S&P is up 46.34, or 3.7 percent.
The Nasdaq is up 101.17, or 3.8 percent.
For the year to date:
The Dow is up 631.04, or 5.5 percent.
The S&P 500 is up 26.95, or 2.1 percent.
The Nasdaq is up 85.76, or 3.2 percent.