(CNBC) U.S. stocks surged for a second day on Thursday, with benchmarks turning higher for the year, as oil steadied and on thinking the Federal Reserve and the European Central Bank would buttress the global economy.
"There is enough slack in the overall global economy and the U.S. economy to keep the Fed more inclined to keep rates low. They'll probably feel the need for some time in 2015 because they've signaled that, but probably not until late in the year," said Bruce McCain, chief investment strategist at Key Private Bank.
"With the Fed reemphasizing in the minutes that they are concerned about overseas markets, investors will more explicitly factor in what is going on in Europe and Japan in coming weeks," added McCain, referring to a release Wednesday afternoon from the U.S. central bank.
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