The S&P 500 scored its best day in seven weeks on Thursday as bullish consumer confidence and private-sector jobs data gave investors reason to cheer following superstorm Sandy’s devastating sweep through the U.S. Northeast.
The Dow Jones industrial average gained 136.16 points, or 1.04 percent, to 13,232.62 at the close. The Standard & Poor’s 500 Index shot up 15.43 points, or 1.09 percent, to finish at 1,427.59. This was the S&P 500′s biggest daily percentage gain since Sept. 13, when the Federal Reserve unveiled its plan for a third round of stimulus or quantitative easing, also known as “QE3.”
www.globalmountmoney.co
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