The Dow Jones index surged on Thursday after long-awaited results of the ECB press conference. The ECB stated that it would buy short-term debt to cut borrowing costs of the indebted members in the Eurozone. Upbeat data from the US jobs market and services industry buoyed the US blue chips. The US services sector activity expanded faster than forecast last month. The Dow Jones Industrial Average Index soared 1.87% to approach the highest level since December 2007. All sectors included in the index rose. Technology and basic materials were the top-performers, adding 2.41% and 2.29%. Cisco Systems, Hewlett-Packard and Intel rose 4.39%, 1.85% and 2.87%, respectively. Alcoa and El du Pont de Nemours & Co advanced 2.82% and 2.19%. Lenders also followed bullish trend, with Bank of America and American Express climbing 5.03% and 0.38%. Oil producers found additional support on largest-than-expected fall in US stockpiles last week. Chevron and Exxon Mobil added 2.04% and 1.90%.