U.S. stocks close mixed amid ECB's announcement

Source: Xinhua| 2017-10-27 05:12:26|Editor: yan
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NEW YORK, Oct. 26 (Xinhua) -- U.S. stocks ended mixed Thursday as the European Central Bank (ECB) announced that the Eurozone base interest rate will remain at 0.00 percent.

The Dow Jones Industrial Average rose 71.40 points, or 0.31 percent, to 23,400.86. The S&P 500 added 3.25 points, or 0.13 percent, to 2,560.40. The Nasdaq Composite Index was down 7.12 points, or 0.11 percent, to 6,556.77.

According to the ECB, the marginal lending rate and deposit rate remain at 0.25 percent and minus 0.40 percent respectively.

Regarding non-standard monetary policy measures, purchases under the asset purchase programme (APP) will continue at the current monthly pace of 60 billion euros (about 70.8 U.S. dollars) until the end of December 2017.

From January 2018, the net asset purchases are intended to continue at a monthly pace of 30 billion euros (about 35.4 dollars) until the end of September 2018, or beyond.

Analysts thought that the ECB decision indicated its interest rates could remain at current levels until well past the end of APP.

Earnings season was also in focus. Shares of Twitter, Inc. surged 18.49 percent to 20.31 U.S. dollars apiece Thursday after the social media platform delivered strong third-quarter results before the opening bell.

The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the third quarter of 2017 are expected to rise 5.3 percent year on year, while the revenues are forecast to increase 4.8 percent.

On the economic front, in the week ending Oct. 21, the advance figure for seasonally adjusted initial claims was 233,000, an increase of 10,000 from the previous week's revised level and generally in line with market estimates, the U.S. Labor Department said Thursday.

Meanwhile, the nation's international advance trade in goods deficit increased to 64.1 billion dollars in September from 63.3 billion dollars in August, the U.S. Commerce Department said Thursday.

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