Dow Jones Industrial Average Rises On European Central Bank Move; Euro Slides Against The Dollar

The Dow Jones Industrial Average gained Thursday after the European Central Bank announced a stimulus program to increase the money supply by 60 billion euros a month, a move aimed at stoking inflation and spurring economic growth in 19-member euro zone. The most immediate effect has been on the value of the euro, which dropped from $1.16 to $1.14 after the ECB announcement.