US markets surge on latest eurozone hopes

The S&P 500 is 2.9% higher as shares surge after eurozone leaders set a deadline for resolving the single currency area's debt crisis.

The leading US index was up 34 points at 1,189 an hour after the open to trade above its 50-day moving average for the first time since the end of July. The Dow Jones Industrial Average rose 2.5%, or 286...

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