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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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of Disney and Netflix and has created a bear call spread position on American Express. Motley Fool newsletter services have recommended buying shares of Walt Disney and Netflix, as well as writing a covered strangle position on American Express. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.