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News Link • Economy - Economics USA

STOCKS SURGE TO 4-YEAR HIGH, DOW UP 230

• http://www.businessinsider.com, Sam Ro
 Stocks are surging early in the U.S. trading session. The S&P 500 is at the highest level since 2008.

Earlier this morning, we got a trio of good jobs reports.

Weekly initial jobless claims fell to 365k last week. Economists were looking for 370k.

ADP reported that payrolls increased by 201k in August. Economists were only looking for 140k.

Challenger Gray & Christmas told us that layoffs were at the lowest level in 20 months.

However, the biggest story of the day may be the European Central Bank monetary policy announcement and press conference led by Mario Draghi. The ECB president laid out his updated plan to lower borrowing costs for the most debt-laden countries in the Eurozone. Here are the key bullet points from Joe Weisenthal:


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