US stocks climb as Europe tackles debt crisis

The Dow Jones Industrial Average rose 101.49 points (0.89 percent) to 11,517.79 in closing trade.

The broader S&P 500 climbed 11.56 points (0.97 percent) to 1,207.10, while the tech-heavy Nasdaq Composite added 21.68 points (0.84 percent) to 2,604.71.

"A groundswell of enthusiasm over progress in Europe is lifting Wall Street higher," said Sameer Samana at Wells Fargo Advisors.