The Business Times

US: Shares boosted by ECB stimulus plan

Published Thu, Jan 22, 2015 · 02:46 PM

[NEW YORK] The European Central Bank's larger-than-expected stimulus plan to fend off slow growth and deflation in the eurozone gave US shares a boost in opening trade on Thursday.

In the first five minutes of trade, the Dow Jones Industrial Average added 62.42 points (0.36 per cent) at 17,616.70.

The broad-based S&P 500 rose 6.07 (0.30 per cent) to 2,038.19, while the tech-rich Nasdaq Composite gained 10.72 (0.23 per cent) at 4,668.14.

AFP

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here