Tuesday, November 29, 2011

Strong holiday shopping make stocks swell

Full Story: Yahoo News 29 Nov

A weekend of strong holiday shopping in the U.S. and radical proposals for stanching Europe's debt crisis sent stocks soaring Monday. The Standard & Poor's 500 index broke a seven-day losing streak and the Dow Jones industrial average jumped 291 points, its biggest gain in a month.

Markets in Europe also surged: France's CAC-40 jumped 5.5 percent. Indexes in Germany and Italy rose 4.6 percent. The battered euro rose against the dollar.


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