Stocks soared on Wall Street Thursday after
European Central Bank chief Mario Draghi vowed to do "whatever it
takes" to prevent the crisis-hit eurozone from breaking up.
"Within our mandate, the ECB is ready to do whatever it takes to
preserve the euro," Draghi told the conference. "And believe me, it
will be enough."
The euro shot up 1.3 per cent against the dollar after the
remarks.
The blue-chip Dow Jones Industrial Average surged 211.88 points,
or 1.67 per cent, to 12,887.93. The broader Standard & Poor's 500
Index gained 22.13 points, or 1.65 per cent, to 1,360.02. The
technology-heavy Nasdaq Composite Index added 39.01 points, or 1.37
per cent, to 2,893.25.
The U.S. currency fell against the euro to 81.41 euro cents from
82.34 euro cents on Wednesday. The dollar rose against the Japanese
currency to 78.23 yen from 78.14 yen.
