Market Roundup
Dow
16,196.41 (+222.57)
Gold
$1,200.90 (-$38.10)
Oil
$31.20 (-$0.71)
After getting pummeled for weeks, central bankers and crude producers went on the offense in the past 96 hours.

First, European Central Bank President Mario Draghi went before the European Parliament yesterday to proclaim the banking system sound and resilient. He said higher capital buffers and other things made the situation “very different from what it was in 2012″ during the eurozone debt crisis. He also said the ECB “will not hesitate to act” further to combat economic weakness when it next meets on March 10.

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