2010/12/1

Morning: Wall Street welcomed a good start in December

U.S. stocks surged in early trading Wednesday, the broader market ushered in the December opener. U.S. jobs data better than expected, China and strong growth in UK manufacturing data, investors ignored the negative impact of the debt crisis in Europe.
EST at 10:45 on December 1 (Beijing time at 23:45 on December 1), the Dow Jones industrial average rose 201.51 points to 11,207.53 points, or 1.83%; the Nasdaq composite index rose 50.60 points to 2,548.83 points, or 2.03%; Standard & Poor's 500 index rose 14.69 points to 1,201.29 points, or 1.24%.
Good start in the U.S. stock market ushered in December, before the poor performance of stocks in November, the Dow fell 1%.
Wednesday's economic data improved market sentiment. ADP reported Wednesday, the United States in November the number of private sector 9.3 million jobs have been growing for 10 consecutive months, November to increase the number of 3-year record high. Report preparers, "said employment growth accelerated, suggesting that the nation's employment situation improved."
In addition, a separate report, U.S. Department of Labor show that as U.S. companies increase production, reduce labor costs, productivity growth in the third quarter than expected.

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The Dow Jones ended up 2.27%, the Nasdaq is 2.05%


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The Tokyo Stock Exchange ended up 1.81%