Arab Today, arab today us stocks dip as ecb stops short on stimulus
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

US stocks dip as ECB stops short on stimulus

Arab Today, arab today

Arab Today, arab today US stocks dip as ECB stops short on stimulus

New York Stock Exchange
New York - AFP

US stocks followed European equity markets lower Thursday, falling slightly after the European Central Bank enacted no new stimulus measures.
The Dow Jones Industrial Average declined 12.52 points (0.07 percent) to  17,900.10.
The broad-based S&P 500 dipped 2.41 (0.12 percent) to 2,071.92, while the tech-rich Nasdaq Composite Index declined 5.04 (0.11 percent) to 4,769.44.
Markets in Britain, France and Germany all fell sharply after the ECB held its benchmark interest rate steady at 0.05 percent.
ECB chief Mario Draghi said the bank has stepped up preparations for more anti-deflation measures, but that they will be reassessed only in January.
"Obviously the market needs continued support," said Steven Rosen, a managing director at Societe Generale. "Investors were looking for Europe to come with a grand plan. Every time they push it off."
Investors are gearing up for Friday's release of the November US jobs report.
Petroleum-related stocks had another bad day as oil prices retreated again. Dow component Chevron fell 1.3 percent, Marathon Oil lost 2.3 percent and rig company Transocean tumbled 4.6 percent.
Airlines rallied on expectations for higher profits due to lower fuel costs. Delta Air Lines gained 3.7 percent, while United Continental advanced 4.2 percent.
Pipeline operator Enbridge jumped 10.3 percent after announcing a 33 percent increase in its quarterly dividend.
Barnes & Noble fell 5.4 percent after announcing that it ended a partnership with Microsoft for its Nook tablet. B&N will buy back Microsoft's stake in the partnership for $300 million. Dow member Microsoft rose 1.6 percent.
Starbucks gained 1.0 percent as it unveiled a five-year plan to increase revenues to near $30 billion in 2019 from $16 billion in 2014. The company's plans include doubling its store count in China and boosting its food menu in the US.
Grocery chain Kroger added 3.6 percent as third-quarter net income jumped 21 percent to $362 million behind higher revenues.
Bond prices rose. The yield on the 10-year US Treasury fell to 2.26 percent from 2.29 percent Wednesday, while the 30-year dropped to 2.96 percent from 2.99 percent. Bond prices and yields move inversely.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dip as ecb stops short on stimulus Arab Today, arab today us stocks dip as ecb stops short on stimulus

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks dip as ecb stops short on stimulus Arab Today, arab today us stocks dip as ecb stops short on stimulus

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday