Stocks open higher following ECB comments
- Share via
Stocks opened higher Thursday after European Central Bank President Mario Draghi said the institution was ready to begin purchasing bonds to ease the Eurozone debt crisis.
The Dow Jones industrial average gained 93 points, or 0.7%, to 13,587 shortly after the opening bell.
The broader Standard & Poor’s 500 index was up 11 points, or 0.7%, to 1,462. The Nasdaq gained 13 points, or 0.4%, to 3,149.
Draghi said the ECB’s bond-buying plan has “helped to alleviate tensions over the past few weeks” and that “it is now essential that governments continue to implement the necessary steps to reduce both fiscal and structural imbalances,” according to Bloomberg News.
Hewlett-Packard Co.’s stock continued to sink a day after the company announced a turnaround plan.
HP stock lost 55 cents, or 3.7%, to $14.36 a share in early trading. The stock dropped 13% Wednesday.
ALSO:Stocks higher on jobs, business-activity reports
Airfares jump 3% for holiday season, study says
Service sector growth up in September, private ISM index shows
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
