U.S. stocks rally, Dow tops 13,000 NEW YORK (Mar
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U.S. stocks rally, Dow tops 13,000
NEW YORK (MarketWatch) — U.S. stocks rallied on Friday, reclaiming weekly gains and pushing the Dow Jones Industrial Average to a nearly three-month high, as investors anticipated central-bank moves in Europe as well as by the U.S. Federal Reserve.
Stocks hit session highs after Bloomberg News reported European Central Bank President Mario Draghi would hold talks with Bundesbank President Jens Weidmann in an attempt to remove the biggest obstacles to adopting new measures including bond purchases.
“Between Draghi’s comments and the GDP numbers today, we’re bid up on prospects of monetary intervention,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
http://www.marketwatch.com/story/us-stocks-ga...=countdown
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