The Fed Said The Economy Had Improved &Nbsp; The Three Largest U.S. Stock Index Rose By More Than 2%.

A series of positive economic data seems to have been verified.

At the close of the New York stock market, the Dow Jones Industrial Average Index of 30 industrial stocks rose 249.76 points over the previous trading day, closing at 11255.78 points, or 2.27%.

The standard & Poor's 500 stock index rose 19.47 points to 1206.07 points, or 1.64%.

The Nasdaq composite index rose 51.20 points to 2549.43 points, or 2.05%.

The huge gains gained by US stocks on Wednesday completely restored the losses suffered in November.

Dow dropped 1% in November.

The Dow's 30 industrial stocks rose, and the 10 largest components of the S & P 500 index also rose. Only 13 stocks in the S & P 500 index fell.

The CBOE market turbulence index (VIX), which measures market panic, plummeted 11%.

In terms of stocks, STT shares rose 3.7%. The company said on Tuesday it would lay off 1400 people, accounting for 5% of its workforce, which is part of the company's long-term restructuring plan.

Bank of America (BAC) shares rose 3.2%, basically recovering the losses of the previous day.

The stock fell 3.2% on the previous day, worried that the leak documents could have an impact on the bank.

Google (GOOG) has gained 1.6%, and the Internet giant is negotiating a takeover group Groupon, which is likely to reach its biggest acquisition in the history of the company.

Starbucks (SBUX) rose 3.6%. The coffee chain said it plans to increase its number of stores in mainland China by two times over the next 5 years, to 1500 or more.

This will make China the largest market outside of the United States of Starbucks.

General Motors (GM), a motor vehicle maker, gained 1.7% and Ford (F) closed up 3.3%.

The two companies have released data on vehicle sales in November, and sales of General Motors increased by 11% over the same period last year. Ford's sales increased by 24% over the same period last year.

The main reason for the rise of US stocks is the change of the US economy.

The Federal Reserve released the Brown Book newspaper on Wednesday, saying that the economic situation in most parts of the United States has been strengthened because of improved employment activities and growth in manufacturing industry, and retailers are expected to increase their sales performance during the holiday shopping season this year.

The manufacturing industry report released by the American Association of Supply Management (ISM) showed that in November, the US manufacturing industry grew for sixteenth consecutive months, although its growth rate was slightly lower than that of October.

Despite the decline, the ISM manufacturing index in November still exceeded market expectations.

Employment figures are also better than expected.

A report released by the US payroll service provider automated Data Processing Inc (ADP) showed that the US private sector employment grew by 93 thousand in November, a record high since November 2007, while exceeding market expectations.

The increase in October was raised to 82 thousand.

In addition, the impact of the European debt crisis has been weakened by some investors and institutions.

According to a US government official told Reuters on Wednesday, the US government is ready to support the expansion of the European financial stability fund through additional commitments required by the International Monetary Fund (IMF).

In this regard, Alan Alan Gayle, a senior investment strategist at RidgeWorth Investments, an investment organization, said: "now the United States is not enough to eat itself, and I doubt that it can help other people." (Investments)

But even so, Gail also believes that investors seem to be increasingly optimistic about the possibility that the eurozone debt crisis will eventually find a solution, thanks partly to the comforting speech delivered by the chairman of the European Central Bank, Tyse.

European stock markets also surged on Wednesday, with positive data from Europe and China temporarily freed investors from worries about sovereign debt problems.

Pan European Dow Jones Stoxx 600 index rose 2%, closing at 267.11 points.