US STOCKS-Wall St lower after ECB actions fail to impress

jueves 3 de diciembre de 2015 11:25 GYT
 

* Yellen gives Congress upbeat view on march towards liftoff

* Initial jobless claims up for last week

* November job report expected on Friday

* Indexes down: Dow 0.4 pct, S&P 0.37 pct, Nasdaq 0.24 pct (Adds quote, updates prices)

By Sweta Singh

Dec 3 (Reuters) - U.S. stocks were lower in early trading on Thursday after European Central Bank's minimal rate cut and extended stimulus failed to live up to market expectations.

The ECB cut its deposit rate by 0.1 percentage points and extended its asset-purchase program into 2017.

The U.S. market opened higher with eight of the 10 major S&P 500 sectors up, but soon reversed course.

The ECB move comes a day after Federal Reserve Chair Janet Yellen expressed confidence in the U.S. economy and said she was "looking forward" to a rate hike that will be seen as a testament to the economy's recovery from recession.   Continuación...