Stocks continue rally - KWWL - Eastern Iowa Breaking News, Weather, Closings

Stocks continue rally

NEW YORK (AP) -- Investors are continuing to pile into the stock market, extending a rally on signs that consumers are spending more this holiday season.

Major retailers reported stronger sales for November in the latest encouraging signal on the economy.  Stocks added to their gains in mid-morning trading after the National Association of Realtors said the number of people who signed contracts to buy homes jumped in October.

Thursday's advance comes a day after the Dow jumped more than 2 percent, marking its biggest one-day gain since Sept. 1.  The next test for the market comes Friday, when the government releases the monthly employment report.

Powered by Frankly