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Alexkid

Stocks soar after big holiday shopping weekend
FRANCESCA LEVY
(The Associated Press)



04:29:51PM (ET) Monday,November 28,2011.

NEW YORK (AP) — A strong start to the U.S. shopping season and fresh proposals for a far-reaching solution to Europe's debt crisis sent stocks sharply higher Monday. The Dow Jones industrial average soared 260 points in afternoon trading, making up nearly half of the ground it lost last week.

Initial reports show a record number of shoppers hit the mall or bought gifts online during the holiday weekend. Thanksgiving weekend is a make-or-break time for many retailers. For the past six years, Black Friday has been the biggest sales day of the year.

The retail numbers add to a growing set of indicators, including steady drops in the number of applications for unemployment, that suggest the U.S. is far from the second recession economists had begun to fear in August.


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My little prediction posted earlier today has come about.
World stocks were up and today's Wall Street stock report follows suit.

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