U.S. Stocks Open Lower As ECB Signals No QE This Year

MarketWatch Pulse

U.S. stocks opened lower Thursday after the prior session's record finish. They were weighed down by the European Central Bank signaling that it will wait until next year for additional stimulus measures. The S&P 500 was last down 4 points, or 0.2%, to 2,070, while the Dow Jones Industrial Average lost 31 points, or 0.2%, to 17,882. ECB President Mario Draghi said the central bank is prepared to implement more easing next year if necessary. More easing could be implemented in "a timely manner," he added. U.S. stock futures dipped into negative territory as he spoke, suggesting he didn't sound as dovish as some traders expected.

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