first_img ECB QE pushes S&P 500 into positive for the year Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Draghi’s decision to unleash his biggest “bazooka” has helped push the S&P 500 into positive for this year.The US blue-chip index erased its losses for the year jumping 1.6% to 2,063.98 points in a late-afternoon rally on Thursday. Meanwhile, the Nasdaq also erased its losses for the year, rising 1.8 per cent to 4,750.62 points. The S&P 500 suffered at this start of this year as investors sold off energy and financial stocks, dragging the index below 2,000 points.But earlier today the European Central Bank revealed a €60bn-a-month quantitative easing programme, which it hopes will drive growth and boost paltry inflation rates in the Eurozone.Eurozone investors cheered bond-buying package, which beat market expectations, and the Euro Stoxx 600 closed up 1.66 per cent at 364 points. The Euro fell to a new 11-year low against the dollar. Jessica Morris Share Thursday 22 January 2015 3:36 pm whatsapp Tags: Mario Draghi People Quantitative easing Standard & Poor’slast_img read more