Euro Drops as Draghi Gives Investors the QE Hints They Wanted

The euro tumbled to a two-month low after European Central Bank President Mario Draghi gave a crowd-pleasing performance at his policy address in Malta, leaving investors in little doubt he’s ready to deploy more monetary stimulus to boost the flagging economy. The shared currency fell versus all of its 16 major counterparts after Draghi said officials will reexamine the scope of their quantitative-easing plan in December. The bond...

Crude Oil Gains for 2nd Time in Nine Days as Gasoline Advances

Oil rose for the second time in nine days after trading below $45 a barrel for a second day. Gasoline gained more than crude, widening refinery profit margins. West Texas Intermediate futures erased earlier gains as the dollar strengthened before rallying to settle with an 18-cent gain. The gasoline crack spread, a measure of the profit from processing a barrel of oil into the fuel, advanced to above $9 a barrel after sinking to $6.54...

Asian Stocks Set to Track Draghi Surge While Nasdaq Futures Jump

The October stock rally is back, thanks to some handy comments on stimulus from Mario Draghi and better-than-expected earnings from Google Inc. and Amazon. com Inc. Asian index futures signaled gains from Japan to Hong Kong, and Australian equities jumped Friday after Draghi said the European Central Bank will consider bolstering its bond-buying program before the end of 2015, sparking a surge in European and U.S. stocks. Nasdaq 100...

Bad Memories Fading in S&P 500 After 10% Rally From August Low

Two months after the first correction since 2011 broke a yearlong calm in U.S. equities, the Standard & Poor’s 500 Index is jumping again, climbing as much as 1.8 percent Thursday to bring its gain from its lowest close in August to 10 percent. The benchmark gauge for American equities now sits at a level last seen on Aug. 19 and is fewer than 7 points below its Dec. 31, 2014 closing price, making its performance year-to-date just...

U.S. Stocks Rally Amid Corporate Earnings, Stimulus Speculation

U.S. stocks rallied, heading toward their first gain in three days after a batch of better-than-estimated earnings from companies including McDonald’s Corp. and EBay Inc. boosted optimism on the health of corporate America. Equities got a further lift from prospects Europe will move to bolster its economy. European Central Bank President Mario Draghi said today policy makers will investigate fresh stimulus measures to thwart downside...