Stocks Stage Black Friday Rally

NEW YORK (November 23, 2012)--The Dow Jones industrial average shot up 172 points to close at 13,009 as stocks rallied in an abbreviated session on Wall Street Friday.

It was the Dow’s first close above 13,000 since Election Day.

The Standard & Poor's 500 index rose 18 points to close at 1,409.

The S&P also racked up its biggest weekly point gain of the year.

The Nasdaq composite index climbed 40 to 2,966.

Traders were encouraged by economic signals out of Germany and China.

It's also the first day of the traditional holiday shopping season.

Trading on Wall Street was thin, about 1.4 billion shares, in a holiday-shortened session.

Advancing stocks beat decliners 5-to-1.


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