Late afternoon: Stocks continue to rise in the Dow over a hundred

U.S. stocks continue to rise late Thursday, the Dow rose more than 100 points. The broader market continued on Wednesday appeared strongest rally since 3 months. U.S. retailers results exceeded market expectations, the ECB said it would continue to implement stimulus measures.
EST at 15:27 on December 2, the Dow Jones industrial average rose 103.76 points to 11,359.54 points, or 0.92%; the Nasdaq composite index rose 28.19 points to 2,577.62 points, or 1.11%; the S & P 500 Index rose 14.40 points to 1,220.47 points, or 1.19%.
Standard & Poor's equity research department, chief investment strategist Sam - Stowe, Walter (Sam Stovall) Turning including Abercrombie & Fitch (ANF) and Target (TGT), etc., after the retailer reported strong figures, "said a lot of Consumers themselves have been deducted, the economic recession, they get bored. "
He believes that, in recent days since the United States and abroad better than expected economic data, so that the original was considered too optimistic about corporate earnings earnings adding to its credibility.
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.
Walter Stowe & P organization, said, "Indeed the number of initial claims increased, but the overall trend in the job market is still on the mend. Although the unemployment rate remains at 9% or more, but at least it does not continue to rise . "

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