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Black Friday, Solid Monday  

By: Decomposed in ROUND | Recommend this post (1)
Mon, 28 Nov 11 4:47 PM | 51 view(s)
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Nov. 28, 2011, 7:49 a.m. EST

U.S. stock futures surge on Europe news, sales

By William L. Watts, MarketWatch

FRANKFURT (MarketWatch) — U.S. stock futures surged on Monday, boosted by a strong start to the holiday-shopping season and hopes for progress by European leaders in addressing the euro-zone debt crisis.

Futures on the Dow Jones Industrial Average rallied 238 points to 11,425. Standard & Poor’s 500 Index futures rose 31 points to 1,184.40, while Nasdaq 100 futures gained 50.75 points to 2,198.25.

But strategists warned that the rebounds were overdue from a technical perspective and may not point the way to a sustained bounce. The S&P 500 Index on Friday fell for a seventh session.

“It is a classic short-covering [rally] without much fundamentals behind it, except a sense that retail is gaining confidence,” wrote strategists at Societe Generale.

More: http://www.marketwatch.com/story/us-stock-futures-surge-on-europe-news-sales-2011-11-28?dist=beforebell




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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