Tuesday 11, September 2012 by Bob Doll
Stocks jump on ECB announcement
Despite a relatively disappointing jobs market report for August, stocks rose last week as investors focused on the European Central Bank’s (ECB) announcement of its long-awaited plan to buy bonds in the secondary market. The ECB program represents an important step in terms of lowering volatility and providing a cushion for Europe’s debt-troubled countries to make some longer-term improvements in their fundamentals.
