
Eurozone leaders Friday decided to pursue a new "fiscal compact" in their bid to quash the problems plaguing the eurozone and regain trust in the financial markets.
The blue-chip Dow Jones Industrial Average gained 186.56 points, or 1.55 per cent, rising to 12,184.26.
The broader Standard & Poor's 500 Index rose 20.84 points, or 1.69 per cent, to 1,255.19.
The technology-heavy Nasdaq Composite Index increased 50.47 points, or 1.94 per cent, to 2,646.85.
The US dollar dropped marginally against the euro to 74.74 from 74.94 euro cents on Thursday. The dollar rose slightly against the Japanese currency to 77.55 from 77.70 yen.//DPA