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U.S. Stocks Rise on Holiday Sales, Optimism Over Europe Progress

U.S. stocks rose, snapping a seven-day decline in the Standard & Poor’s 500 Index, after Thanksgiving retail sales climbed to a record amid speculation European leaders will boost efforts to end the debt crisis.

Alcoa Inc. and Caterpillar Inc. led gains in all 30 stocks in the Dow Jones Industrial Average. JPMorgan Chase & Co. advanced 2.4 percent, tracking European banking shares. Energy companies in the S&P 500 soared 3.6 percent as oil rallied above $100 a barrel. AT&T Inc. added 2 percent after it was said to consider larger asset sales to salvage its takeover of T-Mobile USA. Amazon.com Inc. jumped 6.4 percent on record Black Friday sales of its Kindle products.