Consumer Confidence fell from 95.2 in October to 87.3 in November as the housing slump, credit problems, and gasoline prices affected confidence. More from Bloomberg...
Financials led stocks higher after Citigroup received a $7.5 billion investment from Abu Dhabi Investment Authority.
The Dow Jones Industrial Average gained 215 points (1.7%) to close at 12,958, the S&P 500 Index rose 21 points (1.5%) to 1,428, and the Nasdaq Composite advanced 40 points (1.6%) to 2,581. Crude oil finished down $3.27 to $94.43 per barrel, and gold ended $15.30 lower at $811.20 per ounce.
Magnificent Seven Update
