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S&P 500, Nasdaq edge higher as ECB puts off rate hike

Reuters  |  NEW YORK 

By Stephen CulpNEW YORK (Reuters) - The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018.The ECB decided to end its bond-purchase programme at the close of the year and said rates would stay unchanged until the summer of 2019.The Fed's upbeat assessment of the economy was followed by Thursday's better-than-expected retail sales data while jobless claims showed unemployment rolls falling to a near 44-1/2 year low ...

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First Published: Fri, June 15 2018. 00:42 IST