The Wall Street saw a bright day for second consecutive day

[gnutrade.satya]

The Wall Street saw a bright day for second consecutive day as concerns about Europe's sovereign debt crisis waned, forcing investors to reverse bearish bets on the market.Bank stocks led the way. Retailers' shares rose on the stronger-than-expected November sales data, which reflects a healthy start to the holiday shopping season.Michael James, a senior trader at regional investment bank Wedbush Morgan in Los Angeles said: "Several times this year, we've had sovereign debt fears crop up. As more traders get increasingly convinced this is going to be the time it really matters, and short positions build up more, you have further explosive moves higher as those shorts are forced to cover."