NEW YORK — U.S. stocks are ending higher after the European Central Bank took new steps to boost the region’s sluggish economy.
The Standard & Poor’s 500 index rose 12 points, or 0.7 percent, to close at 1,940 today. The Dow Jones industrial average rose 98 points, or 0.6 percent, to 16,836. Both indexes closed at record highs.
The Nasdaq composite increased 44 points, or 1.1 percent, to 4,296. The Nasdaq is still far below its record high.
The ECB cut two key interest rates in an effort to get that region’s economy growing faster.
In the United States, Rite Aid fell 9 percent after cutting its earnings forecast.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.58 percent.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.