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Post by bot on Oct 24, 2015 14:42:43 GMT -5
Dow posts best gain since September as stocks rally on dovish Draghi
U.S. stocks ended sharply higher Thursday, rallying on economic data, better-than-expected earnings and dovish comments from European Central Bank President Mario Draghi. The ECB central banker said Europe may expand stimulus measures in the face of sluggish global growth. The remarks were enough to help the Dow Jones Industrial Average register its best point and percentage gain since Sept. 8., when blue-chips climbed 390 points or 2.4%. Gains in McDonald's Corp. , which posted better-than-expected quarterly results Thursday before the market opened for trading, helped support investor's buying appetite. The Dow Jones Industrial Average climbed 320.55 points, or 1.9%, to 17,489.16. The S&P 500 index gained 33.57 points, or 1.7%, to end at 2,052.51. The Nasdaq Composite index finished 79.93 points, or 1.7%, higher at 4,920.05.
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