NEW YORK (Reuters) - Stocks opened sharply higher on Monday after a renewed pledge by France and Germany to come up with a plan to resolve the euro zone debt crisis by month's end lifted sentiment.
The Dow Jones industrial average <.DJI> gained 185.35 points, or 1.67 percent, to 11,288.47. The Standard & Poor's 500 Index <.SPX> rose 21.90 points, or 1.90 percent, to 1,177.36. The Nasdaq Composite Index <.IXIC> added 45.04 points, or 1.82 percent, to 2,524.39.
Adding to the upbeat tone, the benchmark S&P 500 traded above its 50-day moving average for the first time since late July. A close above it would be considered a bullish technical signal.
(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)
