U.S. markets rose Friday morning after a summit in Europe found strong support for fiscal discipline measures proposed by Germany.
All 17 members of the eurozone -- the region that shares the euro as currency -- agreed to the proposals, which will force several member states to bring deficits down through austerity budgeting.
Investors responded favorably. In mid-morning trading in New York. The Dow Jones industrial average added 178.39 points or 1.49 percent to 12,176.09. The Standard & Poor's 500 index added 20.93 points or 1.70 percent to 1,255.28. The tech-heavy Nasdaq composite index gained 48.82 points or 1.88 points to 2,645.20.
The benchmark 10-year treasury note fell 21/32 to yield 2.045 percent.
The euro was at $1.3373 from Thursday's $1.3341. Against the yen, the dollar fell to 77561 yen from Thursday's 77.64 yen.
In Tokyo, the Nikkei 225 index lost 1.48 percent, 128.12, to 8,536.46.
In London, the FTSE 100 index rose 0.83 percent, 45.44, to 5,529.21.