REFILE-US STOCKS-Wall St down after ECB action, Yellen comments
(Corrects media slug to UPDATE 4 from UPDATE 1, deletes UPDATE 1 tag from headline)
* 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 0.73 pct, S&P 0.9 pct, Nasdaq 1.16 pct
By Sweta Singh
Dec 3 (Reuters) - U.S. stocks were sharply lower on Thursday as European Central Bank's minimal rate cut and extended stimulus failed to impress investors, and Federal Reserve Chair Janet Yellen's comments hardened expectations of an interest rate hike this month.
The ECB decided to extend its asset purchase program until March 2017 but it did not increase its size as expected. A cut in deposit rate was in line with expectations, with hopes of further easing being dashed.
European shares suffered their biggest fall in three months on Thursday and the euro leapt more than 2 cents, its biggest surge since March. The dollar dropped to a near one-month low against the euro. Continuación...