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Nasdaq hits new closing high, S&P 500 gains after ECB decision, U.S. data

Reuters  |  NEW YORK 

By Stephen CulpNEW YORK (Reuters) - The S&P 500 edged up and the Nasdaq reached another record closing high on Thursday after the European Central Bank said it would avoid raising interest rates until mid-2019, and data showed U.S. economic strength.The strong U.S. retail sales numbers came a day after the U.S. Federal Reserve increased its key interest rate and hinted at the possibility of two more hikes by the end of 2018.The ECB announced it would end its bond-purchase programme at year-end but signalled that any interest rate hike was still distant."People are looking at potential ...

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First Published: Fri, June 15 2018. 02:36 IST
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