Stocks are surging.
In early afternoon trade on Thursday, the Dow was up 200 points, the S&P 500 was up 27 points, and the Nasdaq was up 68 points.
All of the major averages were up better than 1.1%, with the tech-heavy Nasdaq leading gains with 1.4%.
Bonds will also weakening a bit on Thursday, with the 10-year rising back to 2.2% after dropping as low as 2.16% on Wednesday.
The bounceback in stocks follows losses on Wednesday as each of the US stock indexes lost more than 1.5%.
On Thursday, oil was still falling, with WTI crude trading below $US61 a barrel and touching as low as $US60.09 at one point.
In afternoon trade on Thursday, oil was still volatile and trading below $US61 but off of its worst levels of the day.
Retail sales grew 0.7% month-on-month in November better than the 0.4% that was expected, while initial jobless claims fell to 294,000 last week.
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