At 12:55 on December 1 EST, the Dow Jones industrial average rose 243.10 points to 11,249.12 points, or 2.21%; the Nasdaq composite index rose 55.68 points to 2,553.91 points, or 2.23%; the S & P 500 Index rose 18.82 points to 1,205.42 points, or 1.59%.
Reuters quoted a U.S. official said Wednesday the United States prepared by the International Monetary Fund to "financial stability mechanism of the EU (European Financial Stability Facility)" to provide additional funding. This was announced after midday on Wednesday, U.S. stocks rose sharply when the sudden force. The Dow was up over 252 points up.
Good start in the U.S. stock market ushered in December, before the poor performance of stocks in November, the Dow fell 1%. Technology and industrial sector led the broader market. Dow component United Technologies (UTX) up 3.1%.
Wednesday's economic data improved market sentiment. ADP agency reported Wednesday, the U.S. November employment in the private sector added 9.3 million people, has been growing for 10 consecutive months, November to increase the number of 3-year record high. Report preparers, "said employment growth accelerated, suggesting that the nation's employment situation improved."
Another Labor Department report showed that with the U.S. companies to increase production, reduce labor costs, productivity growth in the third quarter than expected.
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