KKTV - Economy - Headlines

World Markets Advance After Wall Street Rally

By: Associated Press
By: Associated Press

Asian and European stocks took a cue from Wall street today, rising on four straight days of improved U.S. shares.

Indian markets were closed after deadly attacks in the country's financial capital.

Bank stocks across Europe were doing particularly well, while heavyweight energy stocks firmed following Wednesday's 8 percent rally in the price of oil.

The rise in European and Asian markets came after Wall Street reversed early losses to end up solidly in the black heading into its Thanksgiving holiday.

The Dow has risen 15.6 percent in the last four days, its biggest four-day percentage gain since 1932. Meanwhile, the S&P 500's four-day rally was its first since May.

The rally on Wall Street came despite further poor news on the U.S. economy, including consumer sentiment languishing at a 28-year low.


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