European Central Bank president Mario Draghi once again donned his Superman cape and came to the market's rescue, outlining plans for the ECB to make unlimited purchases of member nations' bonds on the condition they submit to outside fiscal oversight. On paper, the plan isn't a quick-fix, but it should alleviate some prevailing global growth concerns, help to lower bond rates for Europe's most troubled nations, and lessen market uncertainty. Tack on the fact that U.S. jobless claims hit their lowest levels in a month and you have the recipe for a rally.
It's for these reasons why the Dow Jones Industrial Average
Not surprisingly, financials are leading the upward charge, with both Bank of America
Oil and gas companies ExxonMobil
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