Wall Street Sees Multi-Year Highs after ECB Agrees to Buying Bonds (AMZN)

The ECB's announcement on Thursday to buy an unlimited amount of euro zone bonds drove the S&P 500 up to reach a four-year high. European markets soared about 2% as well after the news was released. Also helping the US markets extend gains were tech stocks and Amazon (AMZN), who announced two new tablets. The sentiment continued with positive data from the jobs market and services sector, ahead of tomorrow's payroll report. Realty Income (O) agreed to a $2.95 billion acquisition of American Realty Capital and Navistar's (NAV) stock surged due to restructuring plans despite a drop in earnings.
The dollar fell against the euro, which hit a two-month high following Draghi's announcement.

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Published on Sep 6, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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