Dow Rebounds on Black Friday Haul

    Trader Fred Demarco, left, and specilaist John O'Hara work on the floor of the New York Stock Exchange Monday, Nov. 28, 2011. Hopes for a more far-reaching solution to Europe's debt crisis and a strong start to the U.S. shopping season sent stocks sharply higher Monday. (AP Photo/Richard Drew)

    Richard Drew / AP Photo

    The Dow picked itself up Monday after the worst Thanksgiving week since 1942 and gained 291 points, or nearly 2.6 percent. The NASDAQ rose even higher, up 3.5 percent, or 85 points. The turnaround comes in part from a new European deal to bring countries closer together through a binding budget—not to mention a 6.6 percent hike in Black Friday sales over last year. Still, the Organization for Economic Cooperation and Development delivered the requisite note of caution: “Contrary to what was expected earlier this year, the global economy is not out of the woods.”

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