Wednesday, November 30, 2011

Europe talks, consumer confidence send stocks up (AP)

NEW YORK ? Stocks are rising as European leaders race to find more aggressive cures for the region's debt crisis. The market is also getting a boost from a jump in U.S. consumer confidence.

Europe's finance ministers are discussing plans for protecting the region's financial system that would have been off-limits only recently, including having nations cede some financial control to a central authority.

Stocks gained momentum after 10 a.m., when a private research group reported that its Consumer Confidence Index jumped in in November to its highest level since July.

The Dow Jones industrial average rose 91 points, or 0.8 percent, to 11,584 just before noon. The Standard & Poor's 500 index rose 10, or 0.9 percent, to 1,202. The Nasdaq composite rose 6, or 0.3 percent, to 2,533.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111129/ap_on_bi_st_ma_re/us_wall_street

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