U.S. stocks rally; Dow back in black for 2012
NEW YORK (MarketWatch) — U.S. stocks opened sharply higher on Wednesday, lifting the Dow Jones Industrial Average (DJIJIA) back into positive territory for the year, as pressure mounted on policy makers to come up with additional stimulus. The European Central Bank left its benchmark interest rate at 1% and ECB President Mario Draghi told a news conference in Frankfurt that the euro-area’s recovery was expected to come gradually. The Dow Jones Industrial Average rallied 112.39 points, or 0.9%, to 12,240.34. The S&P 500 Index (SNC:SPX) climbed 12.53 points, or 1%, to 1,298.03. The Nasdaq Composite (NASDAQ:COMP) rose 32.27 points, or 1.2%, to 2,810.38