Business

Stocks open lower after ECB sets rate hike plan


The US stock benchmark fell as investors considered the European Central Bank’s plan to start raising interest rates next month.

The S&P 500 index fell 0.3% in early trading on Thursday. The Dow Jones Industrial Average fell 0.2% and the tech-focused Nasdaq Composite Index fell 0.5%. Prior to that, stock index futures were up but quickly fell after the ECB’s plan was announced.



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