US stocks rally ahead of euro summit

The S&P 500 added 1.3% to 1,254 while the Dow Jones Industrial Average climbed 104.83 points, or 0.9%, to 11,913. A weekend summit of eurozone leaders led to the outlining of a deal to ease the region's debt crisis, with final details to be agreed at another meeting tomorrow. Eurozone leaders agreed to force banks to protect themselves against future losses, and to increase the firepower of the single currency's 440bn-euro bailout fund. The progress boosted European markets on Monday, with London's FTSE, France's Cac 40 and the German Dax all up more than 1%. Meanwhile, Asian st...