The Dow Jones industrial average rose by more than 100 points for a third straight day Thursday after U.S. retailers reported stronger September sales and the European Central Bank moved to support that region's lenders.
In Europe, investors cheered a promise from the European Central Bank to provide unlimited one-year loans to the region's lenders through 2013. Target Corp., Nordstrom Inc., Macy's Inc. and other U.S. retailers reported sales that beat Wall Street's expectations.
The Dow jumped 183.38 points, or 1.7 percent, to 11,123.33.
The S&P 500 rose 20.94, or 1.8 percent, to 1,164.97.
The Nasdaq composite rose 46.31, or 1.9 percent, to 2,506.82.
For the week:
The Dow is up 209.95 points, or 1.9 percent.
The S&P 500 is up 33.55 points, or 3 percent
The Nasdaq is up 91.42 points, or 3.8 percent.
For the year to date:
The Dow is down 454.18 points, or 3.9 percent.
The S&P 500 is down 92.67, or 7.4 percent.
The Nasdaq is down 146.05, or 5.5 percent.