U.S. stocks gained ground Monday despite a troubling report that Standard & Poor’s would soon put “several” Eurozone countries on a “creditwatch negative” alert even though German and French officials said they had hammered out a European debt plan that would restrict future deficits without throwing the continent’s economy into a tailspin.

Other reports aside from Monday’s Financial Times story indicate that all 17 countries in the Eurozone would soon be put on notice by the credit rating firm.

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