2010/12/2

Afternoon: European stocks rise will continue easing

U.S. stocks on Thursday afternoon to continue to maintain a high level consolidation, and continued there for 3 months on Wednesday, the strongest gains since. U.S. retail sales exceeded expectations. Europe central bank said it would continue to implement incentives.
EST at 12:35 on December 2, the Dow Jones industrial average rose 93.01 points to 11,348.79 points, or 0.83%; the Nasdaq composite index rose 21.35 points to 2,570.78 points, or 0.84%; the S & P 500 Index rose 12.11 points to 1,218.18 points, or 1.00%.
The Dow had gained more than 108 points up.
Financial and consumer goods sector led the broader market. Dow 30 industrial stocks, 24 stocks were up, stocks that Home Depot (HD) rose 3.6%.
As consumers become active again the performance of the U.S. retail industry in November same-store sales growth of 6%, exceeding analyst expectations. Strong growth in retail sales in November, supporting the recent retail sales in the holiday began to perform well during the economic data.
After the announcement of sales, retailer Abercrombie & Fitch (ANF) rose 10.5%, the retailer Target (TGT) rose 1.7%.
European Central Bank President Jean-Claude Trichet said on Thursday the central bank will continue to provide special year in 2011, long-term liquidity support. The current measures to provide additional liquidity support will gradually expire early next year, so the new ECB decision, as problematic by a little euro-zone markets debt relief.

More:

Wall Street: grade uncertainty after job and the ECB


Lower profits for Bombardier, CIBC and TD


The euro decreased again during a press conference of the ECB