U.S. stocks jump despite ECB rate hike, Dow Jones gains 162 points
NEW YORK, New York - Uncertainty over the future direction of inflation and interest rates gave way, ahead of the European Central Bank's meeting later in the day at which an interest rate hikeo of 0-.50 percent surprised investors who expected just 0.25 percent.
"They need to be raising rates to deal with the way inflation is embedded," George Boubouras, head of research at K2 Asset Management in Melbourne told