Stocks rise, euro falls after Europe unveils stimulus plan

AP News
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Posted: Jan 22, 2015 12:15 PM

NEW YORK (AP) — U.S. and European stocks are marching higher and the euro is falling after Europe's central bank offered an aggressive plan to revive the region's economy.

The S&P 500 was up 11 points, or 0.6 percent, to 2,043 as of 12:08 p.m. Eastern time Thursday. The stock-market benchmark is headed for its fourth straight day of gains, its longest win streak this year, and is down less than 1 percent for 2015.

The Dow Jones industrial average rose 99 points, also 0.6 percent, to 17,653. The Nasdaq gained 36 points, 0.8 percent, to 4,704.

Demand for U.S. government bonds rose and yields fell. The yield on the 10-year Treasury was 1.88 percent, compared with 1.94 percent just before the European plan was announced.