Wall Street falls as ECB’s Draghi signals end to rate cuts
By Abhiram Nandakumar(Reuters) – Wall Street reversed course and slipped sharply into the red in volatile trading on Thursday after European Central Bank President Mario Draghi signaled an end to further rate cuts.Stocks had jumped earlier in the day after the ECB pushed deposit rate deeper into negative territory and increased its asset-buying program to 80 billion euros a month from 60 billion euros in an effort to boost growth in the region.
“This is a classic case of ‘buy t
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