U.S. stocks rally on holiday cheer

11:46 am ET Nov 23, 2007

DJIA

12,925

+126.32

S&P

1,435

+18.91

NASDAQ

2,585

+23.51

10Yr

4.02%

-0.002

U.S. stocks rally on holiday cheer

NEW YORK
U.S. stocks rallied on Friday, bouncing back from a sell-off on
Wednesday, as investors gobbled up battered financial stocks and waited
for signs from how retailers are faring on Black Friday, traditionally
the most important day of the year for sales.

Black Friday kicks off retailers' biggest selling season

NEW YORK
The annual shopping frenzy that accompanies the holidays and sets the
tone for retailers' biggest selling season has begun.

Knight Vinke renews attack on HSBC over executive bonuses

LONDON
Activist investment firm Knight Vinke Asset Management has renewed its
attack on HSBC, accusing the banking giant of misleading investors over
a bonus package for senior executives.

Europe closes higher for second day, led by miners, insurers

LONDON
European shares closed higher for a second straight session Friday, as
investors -- encouraged by lower valuations, broker moves and some bid
speculation -- took another look at recently battered shares, such as
miners Anglo American and Vedanta Resources.

Asia Markets: Hong Kong, Shanghai rebound, Seoul extends fall

HONG KONG
Asian markets ended mixed Friday, with Hong Kong stocks getting a lift
from bargain hunting in Cheung Kong Holdings and other property
developers, while South Korean shares were dragged down by shipbuilders
such as STX Shipbuilding and securities firms including Samsung
Securities.