U.S. Stocks Rise With Emerging Markets, Euro Falls on Draghi
- S&P 500 caps best week of 2015 as consumer shares gain
- Common currency slides toward seven-month low versus dollar
Draghi Reiterates ECB ‘Will Do What It Must’
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U.S. stocks capped the biggest weekly gain of 2015, the euro weakened and government bond yields in Europe fell to new lows in a sign that financial markets are primed for key central bank policy decisions next month.
The Standard & Poor’s 500 Index jumped 3.2 percent as Nike Inc. paced a rally in consumer shares. The European currency weakened toward a seven-month low versus the dollar as European Central Bank President Mario Draghi hinted at additional monetary easing, just as the Federal Reserve prepares to raise interest rates. Emerging-market stocks and currencies extended their best week since early October.