US STOCKS SNAPSHOT-Nasdaq up 1 pct as Wall Street extends rally

NEW YORK Fri Nov 23, 2012 3:37pm GMT

NEW YORK Nov 23 (Reuters) - Wall Street extended gains Friday, with the Nasdaq Composite index jumping 1 percent, on signs of progress in talks about releasing aid to Greece and as investors bid up retail shares on Black Friday, the start of the holiday shopping season.

The Dow Jones industrial average rose 113.58 points, or 0.88 percent, to 12,950.47. The S&P 500 gained 12.53 points, or 0.90 percent, to 1,403.56. The Nasdaq Composite added 29.47 points, or 1.01 percent, to 2,956.02.

Leading gains on Nasdaq was Microsoft, up 2.5 percent at $27.63.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.