Futures Surge, Euro Tanks After ECB Announces QE

Futures are surging and the euro is tanking after the European Central Bank announced a quantitative easing program.

Near 9:00 am ET, Dow futures were up 125 points, S&P 500 futures were up 5 points, and Nasdaq futures were up 7 points.

Following the ECB's announcement, which said the ECB would buy €60 billion of bonds each month through at least the end of 2016, the euro quickly tanked, falling to as low as 1.1538 to the dollar.

We have live coverage of ECB president Mario Draghi's press conference here, and this post will updated as markets change on ECB headlines.