The stock market posted slight losses Thursday after European Central Bank officials decided to delay any stimulus for the struggling continent until next year. Investors also braced for the release of Friday’s closely watched U.S. jobs report.
Stocks had been solidly lower much of the day, but did recover some of their losses after news outlets reported that the European Central Bank would consider a large stimulus package for next month.
The Dow Jones industrial average lost 12.52 points, or 0.1 per cent, to 17,900.10.
The Standard & Poor’s 500 index fell 2.41 points, or 0.1 per cent, to 2,071.92.
The Nasdaq composite dropped 5.04 points, or 0.1 per cent, to 4,769.44.
For the week:
The Dow is up 71.86 points, or 0.4 per cent.
The S&P 500 is up 4.36, or 0.2 per cent.
The Nasdaq is down 22.19, or 0.5 per cent.
For the year:
The Dow is up 1,323.44 points, or 8 per cent.
The S&P 500 index is up 223.56 points, or 12.1 per cent.
The Nasdaq is up 592.85 points, or 14.2 per cent.