U.S. stocks surged on Friday to close out a sour quarter on a high note a s investors cheered an agreement by European leaders to stabilize the region’s banks, a pact that helped remove some of the uncertainty that has plagued markets.
The Dow Jones industrial average jumped 277.83 points, or 2.20 percent, to 12,880.09 at the close. The Standard & Poor’s 500 Index rose 33.12 points, or 2.49 percent, to 1,362.16. The Nasdaq Composite Index climbed 85.56 points, or 3.00 percent, to 2,935.05.
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