Eastern time at 4:00 p.m. on December 2, the Dow Jones industrial average rose 106.63 points to close at 11,362.41 points, or 0.95%; the Nasdaq composite index rose 29.92 points to close at 2,579.35 points, or 1.17%; the S & P 500 index rose 15.40 points to close at 1,221.47 points, or 1.28%.
The Dow had gained more than 118 points up. Financial and consumer goods sector led the broader market. Dow 30 industrial stocks, 26 stocks were up, or the largest Home Depot (HD) rose 5.3%.
U.S. stocks opened on Thursday before the Labor Department announced that the week ended Nov. 27 the number of initial claims for unemployment benefits increased by 2.6 million to 43.6 million; around the average number of initial claims for unemployment benefits fell slightly, to August 2008 has been minimum.
U.S. stocks opened, the U.S. real estate brokers association (NAR) announced the signing in October of second-hand housing sales index increased by 10.4% qoq. According to Bloomberg News survey of economists on average expected the chain flat. September to sign off second-hand housing index, decreased 1.8%. NAR economists believe that the data shows that the U.S. real estate industry has entered a recovery phase.
Europe News, European Central Bank President Jean-Claude Trichet said on Thursday the central bank will continue to provide special 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.
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