U.S. stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region's banks, a pact that helped remove some of the uncertainty that has plagued markets.
Based on the latest available data, the Dow Jones industrial average <.DJI> shot up 277.83 points, or 2.20 percent, to en unofficially at 12,880.09 for the day. The Standard & Poor's 500 Index <.SPX> climbed 33.12 points, or 2.49 percent, to finish unofficially at 1,362.16. The Nasdaq Composite Index <.IXIC> jumped 85.56 points, or 3.00 percent, to close unofficially at 2,935.05.
For the second quarter, the Dow dropped 2.5 percent, the S&P 500 slid 3.3 percent and the Nasdaq lost 5.1 percent.
(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)