U.S. stocks soared after European leaders finally reached a deal on a plan to tackle the region's debt crisis.
Even as many questions remain, the agreement marks a big step toward a comprehensive solution to a problem that threatens Europe's economy.
The Dow Jones industrial average rose 340 points, while the S&P 500 and the Nasdaq each gained more than 3%.
The day's gains put the S&P 500 on pace for its best month since 1974. The Dow is headed for its best month since 1987, and the Nasdaq is on track for its strongest month in a decade.
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