U.S. equity benchmarks rose to records and the Russell 2000 Index rallied to the highest since April, as European Central Bank stimulus boosted optimism in the global economy before tomorrow��s jobs report.
Twitter Inc. and Amazon.com Inc. soared more than 3 percent after hedge fund manager David Tepper expressed renewed confidence in U.S. equities.
The Standard & Poor��s 500 Index rose 0.6 percent to 1,940.29 at 4 p.m. in New York. The Dow Jones Industrial Average added 96.65 points, or 0.6 percent, to 16,834.18. Both indexes were trading at all-time highs. The Russell 2000 of smaller companies jumped 2 percent. Trading in S&P 500 companies was 6.5 percent below the 30-day average for this time of day.
ECB President Mario Draghi reduced the deposit rate to minus 0.1 percent from zero, making the institution the world��s first major central bank to use a negative rate. Policy makers lowered the benchmark rate to 0.15 percent from 0.25 percent.
Source : Bloomberg