Stocks mostly rise after Europe stimulus move

AP News
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Posted: Jun 05, 2014 9:45 AM
Stocks mostly rise after Europe stimulus move

NEW YORK (AP) — Stocks are opening slightly higher after the European Central Bank took new steps to boost the region's sluggish economy.

The euro weakened against the dollar and U.S. government bond prices dipped.

The Standard & Poor's 500 index rose two points, or 0.1 percent, to 1,930 in the first few minutes of trading Thursday.

The Dow Jones industrial average rose 21 points, or 0.1 percent, to 16,757. The Nasdaq composite increased 12 points, or 0.3 percent, to 4,264.

Sprint rose 1 percent following a report that the company was moving closer to a deal to combine with T-Mobile US. T-Mobile fell 2 percent in early trading.

Bond prices edged lower. The yield on the 10-year Treasury note rose to 2.61 percent.