Stocks started off December on a strong note, helped by improving economic data from Japan and Europe as well as hopes that the European Central Bank will expand its stimulus program. Trading remained relatively quiet ahead of the release later this week of the U.S. government’s monthly jobs survey and a Federal Reserve meeting later this month.
The Dow Jones industrial average rose 168.43 points, or 1 per cent, to 17,888.35.
The Standard & Poor’s 500 index added 22.22 points, or 1.1 per cent, to 2,102.63.
The Nasdaq composite index rose 47.64 points, or 0.9 per cent, to 5,156.31.
For the week:
The Dow is up 89.86 points, or 0.5 per cent.
The S&P 500 is up 12.52 points, or 0.6 per cent.
The Nasdaq composite is up 28.78 points, or 0.6 per cent.
For the year:
The Dow is up 65.28 points, or 0.4 per cent.
The S&P is up 43.73 points, or 2.1 per cent.
The Nasdaq is up 420.25 points, or 8.9 per cent.