Economics
U.S. Stocks Rebound for Week as Investors Embrace Risk After ECB
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Mario Draghi’s embrace of Federal Reserve-style stimulus gave U.S. equities their first weekly gain this year and sent European shares to the best rally since 2011.
The Standard & Poor’s 500 Index climbed 1.6 percent to 2,051.82 during a holiday-shortened week. The Stoxx Europe 600 surged 5.1 percent to the highest since December 2007. Government bonds rallied around the world, and the euro declined to the lowest against the dollar since 2003 for its fifth straight weekly loss.