Summary Box: Stocks soar on record holiday sales

AP News
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Posted: Nov 28, 2011 4:56 PM
Summary Box: Stocks soar on record holiday sales

MAJOR REBOUND: Stocks soared Monday as European leaders proposed radical solutions to the region's debt crisis and holiday weekend retail sales numbers came in strong.

A BRIGHT BLACK FRIDAY: A record 226 million shoppers visited stores and websites during the four-day holiday weekend starting on Thanksgiving Day, up from 212 million last year, according to early estimates. They spent more, too: The average holiday shopper spent $398.62 over the weekend, up from $365.34 a year ago.

THE INDEXES: The S&P 500 rose 2.9 percent and broke a seven-day losing streak. The Dow Jones industrial average rose 291 points.