Shares gain on EU deal and data but drag the Outlook

(Reuters) - shares rose on Friday after EU Heads of State and Government on measures, part of the sovereign debt crisis crippling region in the U.S. consumer confidence rose more address as in December expected.

The Summit agreed to stricter budget rules for eurozone, but not to save changes of the Treaty in all Member States. Investors appeared to embrace the business with the FTSEurofirst 300 index of best European shares.FTEU3 0.6 per cent.

"Some were hoping for a larger amount, but we see a lot more meat behind the trouble with these measures," Dennis Wassung said Portfolio Manager in Cabot money management in Salem, Massachusetts.

"We expect more volatility this problem going forward, but this is a good step in the right direction."

U.S. consumer confidence rose by early December due to signs of better working conditions according to the Thomson Reuters/University of Michigan preliminary reading on their entire index of consumer confidence to its highest level in six months and improved Outlook on the economy, more than expected.

Shares have risen in anticipation of a plan with the s & P 500 up 6.5 percent since November 25. But Wall Street fell on Thursday after the European Central Bank hopes for the purchase of additional bond destroy made. Markets were volatile, in response to each banner from Europe.

Banks, who was forced by the uncertainty, gained on the news. Bank of America Corp. (BAC.)(N) rose 1.3% to $5,66, while JPMorgan Chase & co. (JPM).(N) added 1.7% to $32.75 and Citigroup Inc (k.n) rose by 2.3 percent to $28.37. Choose the financial sector SPDR (XLF.)(P) rose by 1.2 per cent.

The Dow Jones Industrial Average. DJI rose 139.67, points, or 1.16 per cent, at 12,137.37. 500 Index.SPX is standard & poor's 15.06 points or 1.22 per cent, at 1,249.41. The NASDAQ Composite was 26.68 points, or 1.03 per cent, at 2,623.06 Index.IXIC.

Signals were some caution, but by large US companies. DuPont and co (dd)(N) by 6.2 percent to $43.60 after the Dow component, its 2011 profit Outlook cut citing slower growth in some companies.

Beendigtes are the focus of the day after Texas Instruments Inc. (TXN.)(N) cut its revenue Outlook for the current quarter, warning of lower demand. Altera Corp. (ALTR.)(O) also cutting you its fourth quarter an Outlook late Thursday.

Texas Instruments fell 4.5% to $ during the 28,58 Altera was 2.8 percent to $34.58.