US stocks slip after ECB decision, Draghi comments

AP News
Posted: Dec 04, 2014 12:02 PM
US stocks slip after ECB decision, Draghi comments

NEW YORK (AP) — U.S. stocks are lower in midday trading after Europe's central bank indicated that it won't act to stimulate the region's economy.

European Central Bank President Mario Draghi hinted Thursday that the bank is ready to back a big monetary stimulus, but will wait until next year.

In the U.S., Barnes & Noble plunged 11 percent after the company said it was ending its agreement with Microsoft for its Nook e-reader.

The Dow Jones industrial average fell 53 points, or 0.3 percent, 17,859 as of 11:55 a.m. Eastern time.

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The Standard & Poor's 500 index declined four points, or 0.2 percent, to 2,070. The Nasdaq composite fell three points, or 0.1 percent, to 4,771.

Crude oil lost 81 cents to $66.58 a barrel in New York.