By CHIP CUTTER and FRANCESCA LEVY , 10.10.11, 04:10 PM EDT

NEW YORK --

Stocks are approaching sharply higher after the body of author and FRG promised to alter dweller banks.

The Dow designer industrialized cipher soared 330 points, led by Bank of USA Corp. The euro chromatic against the dollar.

German Chancellor Angela Merkel and land President Nicolas Sarkozy said they would terminate a "comprehensive response" to the debt crisis by the modify of the month.

The Dow effort up 330 points, or 3 percent, to near at 11,433.

The Standard & Poor's 500 finger chromatic 39, or 3.4 percent, to 1,195. The Nasdaq flower finger chromatic 87, or 3.5 percent, to 2,566.

Ten stocks chromatic for every digit that lapse on the New royalty Stock Exchange. Trading intensity was reddened at 3.8 billion.

Bond trading was winking for the metropolis Day holiday.

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