New York, Nov 25 - US stocks jumped Wednesday on some hopeful signs that the country's struggling labour market may be improving.
Weekly claims for unemployment benefits fell to their lowest level since 2008. Indicators that showed a rise in household spending and consumer confidence also helped rally investors.
The blue-chip Dow Jones Industrial Average surged 150.91 points, or 1.37 percent, to 11,187.28. The broader Standard and Poor's 500 index jumped 17.62 points, or 1.49 percent, to 1,198.35. The technology-heavy Nasdaq Composite Index leapt 48.17 points, or 1.93 percent, to 2,543.12.