Stocks end slightly higher after tariff delay, ECB stimulus
Stocks ended with small gains on Thursday, lifted after a further de-escalation of near-term U.S.-China trade tensions and a new round of stimulus measures by the European Central Bank. The Dow Jones Industrial Average ended around 45 points higher, up 0.2%, near 27,182, according to preliminary figures, while the S&P 500 gained around 9 points, or 0.3%, to settle near 3,010. The Nasdaq Composite closed near 8,194, up around 25 points, or 0.3%. President Donald Trump late Wednesday moved to delay an increase in tariffs on imports of Chinese goods by two weeks, while a report by Bloomberg News on Thursday said administration officials were weighing an interim deal with Beijing, though White House officials denied they were working on an agreement, according to other reports. Also Thursday, the ECB moved aggressively to shore up the eurozone's flagging economy and lift stubbornly low inflation back toward its target. The ECB cut its key rate further into negative territory and relaunched a program of monthly bond purchases, alongside other measures.
Published:9/12/2019 3:15:03 PM