NEW YORK, Dec 1 (Reuters) - U.S. 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 gained 244.50 points, or 2.22 percent, to 11,250.52. The Standard & Poor's 500 added 26.21 points, or 2.22 percent, to 1,206.76. The Nasdaq Composite 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)