Stocks rise sharply on signs of economic growth - KMOV.com

Stocks rise sharply on signs of economic growth

NEW YORK (AP) -- Stocks are starting December with a jump. The Dow Jones industrial average rose 249 points, its biggest gain since Sept. 1.

An encouraging employment report and hopes that Europe's debt crisis may ease boosted major indexes on Wednesday, erasing nearly two weeks of losses.

All 10 industry groups that make up the Standard and Poor's 500 index rose, led by energy, industrial and technology companies.

According to preliminary calculations, the Dow Jones industrial average was up 249, or 2.3 percent, to 11,255. The S&P 500 rose 25, or 2.2 percent, to 1,206. The Nasdaq composite rose 51, or 2 percent, to 2,549.

Gaining stocks outpaced falling ones four to one on the New York Stock Exchange. Volume was 1.1 billion shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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