The S&P 500 closed at a four-year high on Thursday, as stocks surged on news that the European Central Bank is taking steps to shore up the embattled euro currency. Markets were also buoyed by a report showing that private employers had added more jobs in August than previously expected. The S&P climbed 26.43 points, or 1.88 percent, to end the day at 1,429.87, its highest close since May 2008, just months before the financial crisis struck. The Nasdaq Composite Index, which largely trades in tech stocks, rose more than 2 percent to close at its highest level in 12 years.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 7 things the world's happiest people do every day
- Israel has only two choices: Eliminate the Palestinians or make peace
- Why are so many parents being arrested?
- 7 grammar rules you really should pay attention to
- 9 things you probably didn't know about the moon
- 10 burning questions you've always wanted to ask about investing
- 10 things you need to know today: July 22, 2014
- Why America is duty bound to help Iraqi Christians
- The biggest lesson Obama failed to learn from Bush
- How to pack a jar salad
Subscribe to the Week