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The Boston Globe

Business

Stocks soar after European Central Bank vows to protect euro

It was the signal markets were waiting for. When Europe’s central bank president vowed to do ‘whatever it takes’ to keep the euro monetary union intact, stocks raced higher. The S&P 500 rose for the first time in five days. ‘The number one problem in the world now is Europe’s finances,’ said John Fox, at Fenimore Asset Management.

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