At 4:00 p.m. on December 1 EST, the Dow Jones industrial average rose 249.67 points to close at 11,255.78 points, or 2.27%; the Nasdaq composite index rose 51.20 points to close at 2,549.43 points, or 2.05%; the S & P 500 index rose 25.52 points to close at 1,206.07 points, or 2.16%.
U.S. stocks opened higher on Wednesday to go high, the Dow rose soon after opening more than 200 points. Reuters reported that the U.S. is ready to lend a helping hand after the European Union, the stock market has been the extra push.
Fed's Beige Book economic report economic conditions further enhance the market optimism. Fed Beige Book that the U.S. economy appeared signs of improvement in most parts of the nation's job market improves.
Today's U.S. economic data also helped the broader market rose. ADP 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, indicating that the nation's employment situation improved.
U.S. Department of Labor reported productivity in the third quarter U.S. growth than expected. U.S. October construction spending data is also surprisingly better than expected to achieve growth in consecutive month. U.S. ISM manufacturing index for November dropped slightly from 0.3 to 56.6, in line with market expectations.
Asian and European economic data also boosted investor confidence. UK manufacturing index hit a 16-year high in Germany in October retail sales rose more than expected. Two different sources of data also shows that the manufacturing sector in China in November the first four months of consecutive growth.
Driven by the positive economic data, European stocks ended sharply higher Wednesday. New York gold futures rose $ 2.20, or 0.2%, to close at $ 1,388.30 an ounce. Crude oil futures rose more than 3%, to close at $ 86.75 a barrel.
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