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tdp2664 InvestorPlace On Friday, markets were encouraged by the happenings inItalyas news spread of the probable resignation of Prime Minister Silvio Berlusconi and the formation of a new government. For the moment, at least, the threat of European debt contagion was put on the back burner and the markets rallied. The Dow Jones Industrial Average gained 2.19%, the S&P 500 rose 1.85%, and the Nasdaq was up 2.04%. On the NYSE, gainers outnumbered decliners by 6-to-1, and on the Nasdaq, advancers were ahead by 3.6-to-1. Volume on both exchanges was lower than normal due to the banks closing for Veterans Day. The NYSE traded 762 million shares and the Nasdaq traded 419 million shares. Click to Enlarge On Thursday, we highlighted the trading ranges for each of the major indices: Dow 11,650 to 12,200 S&P 500 1,220 to 1,275 Nasdaq 2,600 to 2,725
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