NEW YORK (Reuters) - Stock indexes hit session highs in late morning trading on Wednesday as the euro jumped against the U.S. dollar after a government official said the United States would be ready to back a larger European financial stability fund via increased commitments to the International Monetary Fund.
The Dow Jones industrial average <.DJI> gained 244.50 points, or 2.22 percent, to 11,250.52. The Standard & Poor's 500 <.SPX> added 26.21 points, or 2.22 percent, to 1,206.76. The Nasdaq Composite <.IXIC> rose 58.50 points, or 2.34 percent, to 2,556.73.
U.S. stocks surged as upbeat U.S. and Chinese data lifted investor confidence about a global economic recovery.
In recent weeks, the euro and U.S. stocks have traded in sync with each other.
(Reporting by Rodrigo Campos; Editing by Jan Paschal)
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