Market Breaking News 28/11/11

1. Stocks rallied sharply at the open Monday amid hopes European leaders were exploring more drastic methods to bring the region's debt crisis under control, while consumers boosted retail sales over the Thanksgiving weekend.

All 30 Dow components jumped at the open, led by BofA and Alcoa.

2. Massachusetts Rep. Barney Frank to Announce He Will Not Seek Reelection: CNN 

3. Stocks held their sharp gains Monday following news European leaders were exploring more drastic methods to bring the region's debt crisis under control.

All 10 S&P sectors rallied, led by materials.


4. Stocks finished sharply higher Monday after some euro zone optimism helped boost investor confidence and following robust retail sales over the Thanksgiving weekend. The S&P and Nasdaq reversed seven straight days of declines.
All 30 Dow components finished in the black, led by Alcoa and Caterpillar.


5  Ratings agency Fitch backed its triple-A credit rating for the U.S. but with a negative outlook, citing declining confidence in the U.S.'s ability to get on a sustainable fiscal path following the failure of the super committee to agree on at least $1.2 trillion in budget cuts.