2010/12/1

Late afternoon: U.S. stocks rose Fed optimistic about the economic outlook

U.S. stocks surged late Wednesday, the three major indexes rose more than 2.1%. Investors noted that the European and good news, the latest economic data and Fed's optimistic assessment of the economy are made them feel comforted.
At 15:43 on December 1 EST, the Dow Jones industrial average rose 260.96 points to 11,266.98 points, or 2.37%; the Nasdaq composite index rose 53.92 points to 2,552.15 points, or 2.22%; the S & P 500 Index rose 26.15 points to 1,206.70 points, or 2.22%.
U.S. stocks rose on Wednesday was a great, completely restore the loss in November. In November the Dow fell a total of 1%.
The broader market rallied, the Dow 30 industrial stocks all rose, the S & P 500 index composed of 10 blocks are all up, the S & P 500 index fell only 13 stocks. Measure of market panic CBOE market volatility index (VIX) fell 11%.
U.S. stocks opened higher on Wednesday to go high, the Dow rose soon after opening more than 200 points. Reuters reported that the United States is prepared by the International Monetary Fund to "financial stability mechanism of the EU (European Financial Stability Facility)" to provide the funds, the stock market has been the extra push. Although the market for traders and investors on this later questioned the authenticity of the news, but Wall Street still maintained gains. The euro rose sharply against the dollar, the current rise of up to 1.1%, at 1.3124.

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