EST at 11:38 on December 2, the Dow Jones industrial average rose 98.08 points to 11,353.86 points, or 0.87%; the Nasdaq composite index rose 21.53 points to 2,570.96 points, or 0.84%; the S & P 500 Index rose 12.00 points to 1,218.07 points, or 0.99%.
European Central Bank President Jean-Claude Trichet said on Thursday the central bank will continue to provide special year in 2011, 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.
European Central Bank also announced that its benchmark interest rate unchanged at 1%, in line with market expectations. European Central Bank said that "being implemented" to buy government bonds program, the euro against the dollar in consolidation between the ups and downs. Some economists had expected Trichet to announce a significant expansion of the size of the purchase of government bonds, and some even expected to reach several trillion euros. Trichet declined to buy government bonds last or the size of the future.
At the same time, as consumers become active again the performance of the U.S. retail industry in November same-store sales growth of 6%, exceeding analyst expectations. Strong growth in retail sales in November, supporting the recent retail sales in the holiday began to perform well during the economic data.
After the announcement of sales, Abercrombie & Fitch (ANF) rose 9.6%.
Retailer Target (TGT) rose 1.2%, the company announced last month, same-store sales increase of 5.5%, exceeding market expectations. It is expected that December same-store sales will only reach low single digits to 5%.
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