Major U.S. stock-indexes rallied after two days of losses, boosted by strong results from McDonald's and Dow Chemicals and hints of the European Central Bank extending its stimulus program.
Shares of McDonald's (MCD) jumped 7% after its quarterly earnings and revenue beat estimates as demand recovered in China. The stock gave the biggest boost to the Dow.
European Central Bank President Mario Draghi said the bank could extend its stimulus program beyond 2016 as part of its efforts to boost euro-zone growth and bring inflation closer to its target of close to 2%.
Almost all of Dow stocks in positive area (26 of 30). Top looser - American Express Company (AXP, -5.76%). Top gainer - McDonald's Corp. (MSFT, +7.32%).
Most of S&P index sectors in positive area. Top looser - Healthcare (-1.2%). Top gainer - Industrial goods (+2,6%).
At the moment:
Dow 17363.00 +307.00 +1.80%
S&P 500 2043.25 +34.75 +1.73%
Nasdaq 100 4484.75 +85.50 +1.94%
10 Year yield 2,04% +0,01
Oil 45.25 +0.05 +0.11%
Gold 1166.70 -0.40 -0.03%