U.S. stocks leap on Draghi words, data U.S. jobl

U.S. stocks leap on Draghi words, data
U.S. jobless claims drop; durable-goods orders climb
NEW YORK (MarketWatch) — U.S. stocks rallied Thursday, lifting the Dow industrials into positive terrain for the week, after European Central Bank President Mario Draghi vowed to preserve the euro.
“What the bond vigilantes taketh away Draghi giveth,” said Bruce McCain, chief investment strategist at Key Private Bank, of the ECB leader’s suggestion that policy makers could step into bond markets as rising yields in Spain and Italy threatened to unravel the 17-nation euro zone.

“It’s hard to tell whether he’s hoping to encourage [the] market with what amounts to meaningless promises, or whether they’ve really changed their perspective on how much liquidity they are willing to provide,” McCain added.

Extending gains into a second session, the Dow Jones Industrial Average (DJI JIA) rose 191.36 points, or 1.5%, to 12,867.41, with the blue-chip index lately up 0.3% for the week.

Positioned for its first positive finish in five, the S&P 500 Index (SNC:SPX) climbed 18.48 points, or 1.4%, to 1,356.37, with telecommunications pacing gains that included all of its 10 sectors. http://www.marketwatch.com/story/us-stocks-le...atest_news