NEW YORK -Stocks are opening sharply higher on hopes that European leaders are moving closer to a plan to contain that region's debt crisis.
Greece's finance minister said Tuesday that the country would receive the next round of bailout loans in time to avoid a default.
Shortly after the opening bell, the Dow Jones industrial average is up 208 points, or 1.9 percent, at 11,255. The Standard & Poor's 500 index is up 22, or 1.9 percent, at 1,186. The Nasdaq composite is up 42, or 1.7 percent, at 2,558.
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