Stocks jump after ECB unveils bond buying effort

Stocks jump after ECB unveils bond buying effort

THE ASSOCIATED PRESS
Published Sep 6, 2012 07:35AM MDT
NEW YORK • U.S. stocks jumped at the opening of trading after the European Central Bank took a step toward calming that region’s debt crisis. The bank’s president unveiled a new program Thursday to buy bonds issued by struggling European governments with the aim of lowering their borrowing costs. Mario Draghi said the program will have no set limit on how much it can buy. The Dow Jones industrial average is up 149 points to 13,196 shortly after the opening bell. The Standard & Poor’s 500 index i...
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