The Dow Jones Industrial Average finished 186.56 points higher, or 1.55%, at 12184.56 as reports out of Europe spurred investor optimism. The S&P500 rose 20.84 points, or 1.69%, to 1255.19, while the Nasdaq rose 50.47 points or 1.94%.
The S&P 500 erased a weekly loss on Dec. 9 after the Thomson Reuters/University of Michigan gauge of confidence among consumers topped the median economist projection. Earlier in the week, data showing that fewer Americans than forecast filed applications for unemployment benefits added to signs the job market is improving.
The EURUSD fell slightly, closing 0.1 % to $1.3386 from $1.3391 on Dec. 2, after touching a one-week low of $1.3282 yesterday. The shared currency declined 0.5 to 103.89.
WTI Oil climbed the most in more than a week after a report showed that confidence among U.S. consumers rose to a six-month high and as European leaders agreed to boost the region's rescue fund and tighten budget rules.
Gold prices rose Friday following the previous day's tumble to settle at $1,716, swept higher in an equities rally as EU leaders agreed to push for a deeper economic integration and as U.S. consumer sentiment hit a six-month high.
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