Stocks are opening higher on Wall Street Thursday in a broad rally led by the IT and communications sectors.
The S&P 500 and Nasdaq are up over 1 per cent shortly after the open in New York, but remain on track for a losing month with one day remaining in the worst year for stock investors since 2008.
Germany's DAX gave up 0.3 per cent to 13,887.22 and the CAC 40 in Paris lost 0.5 per cent to 6,480.47. Britain's FTSE 100 dropped 0.6 per cent to 7,452.45. The Kospi in Seoul sank 1.9 per cent to 2,236.40 after the government reported South Korea's industrial production fell 3.7 per cent from a year earlier in November, worse than forecast and a bigger drop than the 1.2 per cent decline in October. Retail sales were down 1.8 per cent from the month before.The worst year since 2008 for the S&P 500 has been winding down with little in the way of data to drive trading. But later Thursday, the U.S.
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