Over the past week, investors have experienced a huge amount of anxiety over the state of the European economy. With bond rates in Spain and Italy soaring, many feared that the next dominos in the long sovereign-debt saga might be about to fall. But today, the head of the European Central Bank reassured investors that it was committed to prevent that from happening, saying that "the ECB is ready to do whatever it takes to preserve the euro" as long as it's within its mandate to act. The stock market liked that sentiment, sending the Dow Jones Industrials
All 30 stocks rose, with several stocks gaining between 2% and 3% on the day. Merck
Euro gonna love it
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