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Stocks rise. Investors are thankful.... for central bankers

From money.cnn.com

Thanksgiving arrived a week early on Wall Street. Stocks climbed higher on Friday in response to a surprise rate cut by China's central bank and hints of more emergency action by the European Central Bank. "Both the ECB and PBoC got out the bazookas overnight and fired them resolutely," Michael Block, chief strategist at Rhino Trading Partners, wrote in a note to clients. An early burst of buying carried the Dow 175 points higher and above the 17,800 level for the first time ever. It lost some momentum, but still closed 91 points in the green and at another all-time closing high. The S&P 500 advanced 0.5% and ... (full story)

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