US Stocks Rise on Strong Consumer Confidence Data 11/1/12
November 1, 2012
NEW YORK - Stocks are rising sharply on Wall Street on the latest hopeful signs about the U.S. economy, including a jump in consumer confidence.
The Conference Board said Americans' confidence in the economy surged last month to the highest level in nearly five years. Many were encouraged by an improving job market.
It was the second day of trading after Superstorm Sandy ravaged New York and forced markets to close on Monday and Tuesday. Companies that had postponed earnings announcements rushed to release their results.