While you were sleeping: ECB extends asset purchases

Thu, 08 Dec 2016

By Margreet Dietz Dec. 9 (BusinessDesk) - Wall Street climbed to fresh records as optimism about the outlook for the US economy prevailed, while European Central Bank President Mario Draghi announced an extension of the central bank’s quantitative easing program. In 1.11pm trading in New York, the Dow Jones Industrial Average increased 0.43 percent, while the Nasdaq Composite Index rose 0.36 percent. In 12.56pm trading, the Standard & Poor’s 500 Index added 0.3 percent. The Dow touched a record-high 19,656.26, while the S&P 500 climbe...

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