US stocks lifted by retailers, banks – Sydney Morning Herald- About: Stock Trading News
NEW YORK – US stocks rebounded on Friday in an abbreviated session as the start of holiday shopping lifted retail stocks, while progress in a plan to relieve the credit market’s crisis aided bank shares. The three banks, spearheading an effort to establish a superfund to ease problems in the credit market, are expected to seek support from others in the industry, The Wall Street Journal reported. LONDON – Britain’s leading shares ended up 1. TOKYO – The Japanese stock market was closed for a public holiday, Labour and Thanksgiving Day. HONG KONG – Stocks rose after dropping sharply for two straight days, as investors picked up battered shares such as Sinopec, but Sinotrans Shipping Ltd slid in its market debut. WELLINGTON – The NZ sharemarket firmed on Monday in directionless trading with no lead from the United States where markets were closed for the Thanksgiving holiday on Thursday. read more
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