New York (Reuters)-the U.S. stock market rose 3% on Thursday, as a European national leaders of the agreement, to help curb the region for a period of two years of debt crisis averted wandering cloud to the market.
Optimistic that trade will be taken out to prevent common financial trouble, sparked in October rally. The standard &poor's 500 index is up more than 13%, earlier this month, in October 1974, the biggest increase since the pace of the month.
But some traders said, the implementation of this agreement will bring big challenges, observation, the devil in detail.
More than eight hours of talks, states, European leaders the international monetary fund and the bankers seal a, also foresee a was badly hit European lending institutions of the capital structure adjustment and a in the eu's rescue fund use, to give it $1.4 trillion in fire.
The agreement includes Greek bonds write-downs regulation, but how to make capital restructuring was badly hit European Banks and increase the eu's assistance funds decision had yet to be decided.
"People's limited leadership expectations, do something decisive, if the market is right, this is a change to the rules of the game, this will prove that the market value in the street, in Portland, becker capital management company's fund manager Robert thank eph said," Oregon.
The dow Jones industrial average was up 339.51 points, or 2.86%, at 12208.55. The s&p 500 stock index rose 42.59 points, or 3.43%, to 1284.59 in. The nasdaq composite index rose 87.96 points, or 3.32%, at 2738.63.
Standard &poor's 500 index of the day to rise faster than its 200 days moving average for August, improve the stock market losses after five years for two consecutive months of the trend of the evidence for the first time since the beginning of termination.
The strongest of a day, because it is October 4, 200 days moving average line above may rise by pulled into the market, in the future days more long-term buyers. The New York stock exchange, the American stock exchange and the nasdaq and $847 million, than last year the average about 1.195 billion shares changed hands every day.
"James said:" today, we have cohesive force, for active players, are mostly hedge fund managers and tactical investors, has very neutral, even up to now, the market is a lot, but they are rushed into more and more long, for they surrender, Daly, the team of Harrisburg, Pennsylvania, asset strategy fund portfolio manager.
Financials best jpmorgan chase, up 8.3%, to $37.02, citigroup rose 9.7% jump to $34.17. KBW bank index is up 6%, while the standard &poor's financial index is up 6.2%.
Analysts said that the European development, to eliminate the risk of the U.S. economy and the crisis spread to cross the concerns of the global financial system. Chicago board options exchange (CBOE) volatility index fell 14%.
All 10 standard &poor's department has jumped more than 1%. Materials and energy stocks, including in Europe subsided about how may affect the concerns of the weak demand growth in the resolution or before. Crude oil prices rose 4.3%.
The U.S. economy in a positive sign, the government estimates for growth in the third quarter in a year in expanding the fastest speed.
In Europe and GDP data between trade, "there is clearly the place the strength of the stock can continue to 2012 years, and in this case, the stock looks cheap," said David Smith, in the LuoKeLan trust investment management group chief investment LuoKeLan, underground staff.
Conventional after the deal, insurers metropolitan life insurance company reported earnings in the third quarter than analysts expected, 2.6% higher than the share price to $36.60. Baidu company on nasdaq climbed 8.2% after the markets closed, the result.
Exxon mobil rose 1% to $81.88, after the dow component, the company said in the third quarter profit growth of 41%, higher crude oil prices and refinery margin help.
The dow chemical company's quarterly earnings expectations almost. However, shares rose 8.2% to $29.10, with a broader market.
In the standard &poor's 500 index has report quarterly profits of the 262 companies, 72%, more than Wall Street expected, according to townsend Reuters data.




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