Stocks Rise on Hopes for Global Stimulus

[Christine]

NEW YORK (TheStreet) -- U.S. stocks opened sharply higher Wednesday on hopes of more stimulus measures from global central banks.
The Dow Jones Industrial Average was rising by 100.1 points, or 0.8%, at 12,228 and once again positive for 2012. The S&P 500 was up 10.2 points, or 0.8%, at 1296, and the Nasdaq was rising 24.6 points, or 0.9%, at 2,802.
The European Central Bank said Wednesday that it was keeping its benchmark interest rate at 1%. However, the markets continued to look for clues that the central bank would show an openness to lowering rates by July in the face of growing signs of recession on the continent and Spain's troubled banking system. ...
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