Optimism Abounds On Wall Street Thursday
Optimism abounded on Wall Street as investors cheered the latest round of US economic data and a new round of stimulus in Europe. The European Central Bank will initiate a new unlimited bond buying program. Growth in the US service sector ramped up more than expected in August. The economy added 201,000 jobs in August. Meanwhile, the number of people filing for first time unemployment help fell to the lowest level in more than a month last week.