Stocks surged today on reassuring comments from Mario Draghi. The European Central Bank president said his bank will do whatever it takes to preserve the euro. Wall Street liked that and reacted with a big rally. This afternoon the Dow is up 1.6%, the S&P 500 is up 1-1/2% and the Nasdaq is rising nearly 1.1%.
Among leaders in the Dow... Home Depot (HD), which is up 3%... Disney (DIS) and General Electric (GE). Shares of Sprint Nextel (S) jumped over 20% despite reporting a bigger 2Q loss. The Wall Street Journal reported that investors were happy about a continuing turnaround at the wireless carrier.
Tomorrow morning, investors will be digesting the country's GDP data and also a report on consumer sentiment.
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