Loading…
Thursday, October 23, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 6/5/2014

U.S. stocks gain after European Central Bank steps up stimulus; Dow, S&P 500 at record highs

ASSOCIATED PRESS

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. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories