U.S. stocks closed
little changed erasing a rally of nearly 200 points for the Dow Jones
Industrial Average, as optimism over European Central Bank stimulus
faded before the government’s monthly job report
The Standard & Poor’s 500 Index rose 0.1 percent to 1,951.09 at 4:03 p.m. in New York, after rising as much as 1.3 percent.
ECB President Mario
Draghi earlier unveiled a revamp of quantitative easing to allow for
more purchases of each euro member’s debt as the weaker global outlook
prompted a wholesale reduction of officials’ economic forecasts through
2017. Draghi said the emerging-market rout threatened global expansion
and that consumer prices may barely grow this year.
Source : Bloomberg
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