Tuesday, November 29, 2011

Dow Jones Surges 2.6%, Snapping A 4-day Losing streak

Wall Street recap: Dow Jones surges 2.6%, snapping a 4-day losing streak
The Dow Jones leapt 291 points or 2.6% to 11523, erasing more than half of last week's 4.8% steep losses. Sentiment was lifted following robust retail sales over the Thanksgiving weekend providing a strong start to the holiday shopping season and hopes that European leaders will boost efforts to end the debt crisis.

Euro-area finance ministers meet in Brussels today as governments bid to regain the confidence of financial markets, as Germany and France were exploring radical actions of securing deeper and more rapid fiscal integration among euro zone countries, before a European Union summit on 9 December.

Daily DJIA Shows Signs Of Bottoming Up Amid Bullish Engulfing Candle And Rebound In Technicals

Source: StockCharts.com

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