Stocks Rally After Long Weekend

Stocks are rallying today as investors come back from the long weekend eager to buy.

S&P 500 futures are up more than eight-tenths of a percent, while the Nasdaq is indicated to open higher by almost a full percentage point. Most European markets are gaining more than 1 percent following similar moves in Asia, where indexes climbed steadily throughout their sessions overnight.

Equities pulled back last week after a steady ascent from January but held key support from earlier in the month. The main driver for today’s gains appears to be more weakness in the Japanese yen, which has given a boost to the country’s economy and jolted its stock market from a 22-year bear market. Europe also had positive headlines, with one official saying that Portugal would probably get more time to balance its budget and another promising continued easy money from the region’s central bank.

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