Hopes for European Easing Lift Stocks.

EUROPEAN Central Bank ; BOARD of Governors of the Federal Reserve System (U.S.)

The article states that the stock index the Dow Jones Industrial Average gained 1.9 percent following trading on October 22, 2015, following an announcement by European Central Bank (ECB) chief Mario Draghi indicating that the ECB would reevaluate its monetary policy accommodation strategy at its December 2015 policy meeting. According to the article, stocks had increased steadily even amid uneven economic data and decreased expectations that the U.S. central bank the Federal Reserve (Fed) would raise interest rates.