Europe's progress boosts US stocks by 2pc

NEW YORK: US stocks jumped about two percent Friday after three struggling eurozone governments moved ahead on crucial austerity programs, boosting confidence that the region was on the right track.

In closing trade, the Dow Jones Industrial Average was up 259.36 points (2.18 percent) at 12,153.15.

The broad-based S&P 500 added 24.14 (1.95 percent) to 1,263.83, while the tech-heavy Nasdaq Composite surged 53.60 (2.04 percent) to 2,678.75.

Volume was low due to a public holiday for Veterans Day.