Wall Street traders scrambled to play catch-up after sharp downturns in Asian and European markets over the Thanksgiving holiday.
European Markets Try to Push Rally Into a 4th Day
Markets in Europe and Asia extended the week’s rally, reaching highs for the year, on signs the global economy is recovering. Wall Street was expected to join the upswing.
Durable Goods Report Gives Wall Street a Lift
A jump in durable goods orders buoyed U.S. shares, while European markets got a boost from a plan by the central bank to lend $617.8 billion to banks for 12 months.
Concerns About U.S. Retailers Send European Markets...
Shares in Europe reversed earlier gains as Wall Street pointed to a slightly lower opening after disappointing retail sales figures.
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