US stocks jump on European stimulus hopes


(MENAFN- AFP) Wall Street stocks jumped in opening trade Thursday, rising with European bourses that surged on hopes for eurozone monetary stimulus.

Five minutes into trade, the Dow Jones Industrial Average stood at 17,771.37, up 186.85 points (1.06 percent).

The broad-based S&P 500 surged 19.83 (0.98 percent) to 2,045.73, while the tech-rich Nasdaq Composite Index gained 43.23 (0.93 percent) at 4,693.69.

Equity markets in Britain, France and Germany were all up at least 1.7 percent on speculation that the European Central Bank could launch quantitative easing to counter weak inflation in the 19-nation eurozone that could deteriorate into deflation.

Investors are gearing up for Friday's US jobs report for December, which analysts expect will show the economy added 245,000 jobs and the unemployment rate ticked down to 5.7 percent.


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