Stocks Soar After Big Holiday Shopping Weekend

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Monday, November 28, 2011

Hopes for a more far-reaching solution to Europe's debt crisis and a strong start to the U.S. shopping season are sending stocks sharply higher.

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.

Markets in Europe are also up sharply as leaders there discuss new approaches for containing the region's debt troubles, including a joint bond issue.

The Dow Jones industrial average rose 303 points, or 2.7 percent, to 11,535 at 10 a.m.. The Standard & Poor's 500 rose 35, or 3.1 percent, to 1,194. The Nasdaq composite rose 81, or 3.3 percent, to 2,523.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 134601718 -
Gray Television, Inc.