Early Gains Put Dow Positive For The Year

By: Associated Press
By: Associated Press

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Wednesday, June 6, 2012

An early charge on Wall Street has put the Dow Jones industrial average on track for a second straight day of gains -- something that hasn't happened since late April.

The Dow is now positive for the year, after a dismal stretch in May. The index has been more than 150 points higher for much of the day so far.

U.S. markets followed major European indexes higher as speculation rose that European politicians will take steps to ease the region's debt crisis soon.

The European Central Bank left its benchmark lending rate unchanged today. The central bank has been urged to cut rates to alleviate pressure on Europe's weakened banks and governments, but bank President Mario Draghi has said the bank cannot make up for inaction by governments.

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