U.S. stocks opened lower Thursday, after the European Central Bank kept key interest rates steady but disappointed investors who anticipated more stimulus measures. The news sparked a selloff in European equities and spread to the U.S., as risk appetite, fueled by the expectation of more stimulus by the ECB, diminished. On the U.S. economic front, weekly jobless claims showed that layoffs remained at historic lows, reflecting a tightening labor market. The S&P 500 shed 4 points, or 0.2%, to 2,181. The Dow Jones Industrial Average lost 55 points, or 0.3%, to 18,469. And the Nasdaq Composite fell 18 points, or 0.3%, to 5,266. On the corporate front, Apple Inc. shares fell 1.2% after the company on Wednesday unveiled its new iPhone and an updated Apple Watch.
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From:: Stock Market News