Benchmarks gained for the third-straight session on speculation that ECB
might provide more stimulus measures to boost the Eurozone economy. The
European Central Bank's (ECB) executive board has proposed a
bond-buying program of about 50 billion euros per month in order to
combat concerns over deflation in the Eurozone. ECB is expected to
unveil a large-scale bond-buying program on Thursday to boost Eurozone's
fragile economy. A rebound in oil prices and Bank of Canada's decision to cut interest rates also boosted investor sentiment.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article
The Dow Jones Industrial Average (DJI) gained 0.2% to close at 17,554.28. The Standard & Poor 500 (S&P 500) went up 0.5% to close at 2,032.12. The tech-laden Nasdaq Composite Index closed at 4,667.42; gaining 0.3%. The fear-gauge CBOE Volatility Index (VIX) dropped 5.2% to settle at 18.85. A total of about 6.9 billion shares were traded on Wednesday, less than this month's average of 7.3 billion. Advancers outpaced declining stocks on the NYSE. For 62% stocks that advanced, 35% declined.
For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article
The Dow Jones Industrial Average (DJI) gained 0.2% to close at 17,554.28. The Standard & Poor 500 (S&P 500) went up 0.5% to close at 2,032.12. The tech-laden Nasdaq Composite Index closed at 4,667.42; gaining 0.3%. The fear-gauge CBOE Volatility Index (VIX) dropped 5.2% to settle at 18.85. A total of about 6.9 billion shares were traded on Wednesday, less than this month's average of 7.3 billion. Advancers outpaced declining stocks on the NYSE. For 62% stocks that advanced, 35% declined.
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