The Dow is up about 12% in October, on track for its biggest monthly percentage gain since 1987. However, questions remain regarding how Europe will implement its bold plans and whether they will be enough to resolve the continent's debt crisis.
Investors are now shifting their attention from Europe to the United States. More than 300 companies in the S&P 500 have reported third-quarter earnings, with 70% reporting above analyst expectations. The next big focus is expected to be Congress's "super committee" on deficit reduction, which is set to decide on budget cuts by Thanksgiving weekend.