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Wall Street falls at open on ECB comments

From reuters.com

U.S. stocks fell on Thursday after European Central Bank president Mario Draghi brushed off pressure to act and said the bank would reassess the impact of its monetary policy stimulus early next year and take further action if necessary. The ECB met under growing pressure to act to prevent the bloc's economy from entering recession. The bank has already cut borrowing costs to record lows, given cheap loans to banks, and started buying debt to kick-start lending and bolster growth. The United States is the main engine for a global economy in slow growth mode, a headwind for U.S. multinationals, according to Terry ... (full story)

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