U.S. stocks headed higher Thursday after the European Central Bank lowered its
lending rate to 0.5 percent, a historic low.
The Dow Jones industrial average added 130.63 points, regaining most of the 138.85 points lost on Wednesday.
The Dow closed 0.89 percent higher at 14,831.58. The Standard & Poor's 500 index added 14.89 points or 0.94 percent, to 1,597.59. The Nasdaq index added 41.49 points or 1.26 percent to 3,340.62.
On the New York Stock Exchange, 2,358 issues advanced and 753 declined on a volume of 3.4 billion shares traded.
The 10-year treasury note was rose 2/32 to yield 1.629 percent.
The euro fell to $1.306 from Wednesday's $1.3181. The U.S. dollar rose to 97.96 yen from 97.39 yen.
Gold gained $20.10 to $1,466.30 per troy ounce. West Texas Intermediate crude oil added $3.04 to $94.07 per barrel.
In international markets, the Nikkei 225 index in Japan lost 0.76 percent, 105.31 points, to 13,694.04. The London FTSE 100 index added 0.15 percent, 9.42 points, to 6,460.71.
On the Chicago Board of Trade, corn for July delivery gained 15 1/4 cents to $6.62 per bushel. Soybeans for July added 1 cent to $13.74. Wheat added 8 1/2 cents to $7.29 1/2.
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- Rocket Explodes During U.S. Test Flight
- Koch Brothers Took Genes, Money in Different Directions
- Is Diversity in the Eye of the Beholder?
- Apple Stock Bounces Back Big Time
- 'Mythbusters' Build Team Gets the Boot
- Jennifer Lopez Would Marry Again
- Investors Betting on ECB Stimulus Measures
- Florida Judge Rules in Favor of GOP Voter Map
- Hackers Get Homeland Security Employee Records