US stocks rally

New York, Jan 21 (IANS) US stocks traded higher as comments from the European Central Bank (ECB) president Mario Draghi signalled further stimulus.

At midday on Thursday, the Dow Jones Industrial Average rose 146.49 points, or 0.93 percent, to 15,913.23, Xinhua news agency reported.

The S&P 500 gained 14.52 points, or 0.78 percent, to 1,873.85. The Nasdaq Composite Index was up 22. 39 points, or 0.50 percent, to 4,494.07.

“It will therefore be necessary to review and possibly reconsider our monetary policy stance at our next meeting in early March,” Draghi said, adding: “Work will be carried out to ensure that all the technical conditions are in place to make the full range of policy options available for implementation, if needed.”

Draghi’s comments suggested the central bank is willing to offer more stimulus at its next meeting in March, according to the Wall Street Journal.

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