The Dow Jones today is on the climb after new stimulus measures from the European Central Bank. More on this below.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 27,137.04 +227.61 +0.85 S&P 500 3,000.93 +21.54 +0.72 Nasdaq 8,169.68 +85.52 +1.06
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Thursday This morning, markets are pushing higher on news that the European Central Bank is set to introduce new stimulus measures to support the struggling economic bloc. The ECB slashed its deposit rate by 10 basis points and said it plans to purchase 20 billion euros in assets for an extended period. The announcement of lower rates has fueled additional buying of safe-haven, non-interest-bearing assets like gold.
If you think interest rates are low now, wait for the U.S. Treasury Department’s next act. According to Treasury Secretary Stevin Mnuchin, the agency is considering the issuance of the 50-year bond as soon as next year. The U.S. Treasury Secretary told CNBC on Thursday that the American government is looking for ways to finance its increasing debt load. The proposed release of ultra-long bonds comes as the United States’ national debt hit $22.5 trillion this week.
You Have to See This to Believe It: America’s favorite “Shark” debuts the Angels & Entrepreneurs Summit. Watch now…
U.S. President Donald Trump has delayed tariffs on certain Chinese goods for another two weeks. The president said it was an