December 7, 2013
Wall Street jumps for second day; automakers, tech gain
US stocks ended higher for a second day on strong auto sales and as a possible military action in Syria was seen as limited.
The Dow Jones industrial average closed up 96.91 points, or 0.65 percent, at 14,930.87. The Standard & Poor's 500 Index rose 13.31 points, or 0.81 percent, at 1,653.08. The Nasdaq Composite Index gained 36.43 points, or 1.01 percent, at 3,649.04.
European shares closed slightly firmer after choppy trading today, helped by a rally in US technology stocks while geopolitical concerns kept gains in check.
The FTSEurofirst 300 index of top European shares closed 0.2 percent higher at 1,214.96 points after falling to a low of 1,204.77 points.Meanwhile, the Nikkei share average edged up to a four-week high helped by futures-led buying, marking its third-straight day of gains.
The benchmark Nikkei ended up 0.5 percent at 14,053.87, its highest closing since Aug. 6. The index has surged 35 percent this year, but is 12 percent below its May peak.
The broader Topix advanced 0.6 percent to 1,156.30 in relatively light trade, with 2.27 billion shares changing hands.