Stock markets rise, euro falls after European Central Bank reveals big stimulus plan

MarketsAssociated Press

U.S. stocks are rising Thursday morning after Europe's central bank announced a plan aimed at reviving that region's struggling economy.

The euro fell against the dollar and European stock markets turned higher Thursday following the news.

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The S&P 500 was up 15 points, or 0.8 percent, at 2,047 as of 11:10 a.m. Eastern time. The stock-market benchmark finished with its third straight day of gains on Wednesday.

The Dow Jones industrial average rose 119 points, or 0.7 percent, to 17,673. The Nasdaq gained 34 points to 4,702.

U.S. government bond prices rose and yields fell. The yield on the 10-year Treasury was 1.86 percent, compared with 1.94 percent just before the European plan was announced.