A late rally pushed the Dow Jones industrial average back above 12,000 Monday as investors responded to the latest twists in Europe's efforts to control its debt crisis.
U.S. indexes were down for much of the day on worries that Italy could become the next country to run into trouble. Stocks turned higher after 2 p.m. Eastern on news that Greece would receive the latest installment of emergency aid as long as the country's two main parties commit to implementing economic reforms agreed to by the country's previous government.
The Dow Jones industrial average rose 85.15 points, or 0.7 percent, to close at 12,068.39.
The Standard & Poor's 500 index rose 7.89, or 0.6 percent, to 1,261.12.
The Nasdaq composite rose 9.10, or 0.3 percent, to 2,695.25.
For the year to date:
The Dow is up 490.88, or 4.2 percent.
The S&P 500 is up 3.48, or 0.3 percent.
The Nasdaq is up 42.38, or 1.6 percent.