US stocks gain on ECB stimulus, trade war moderation

NEW YORK: Wall Street stocks finished higher on Thursday after the European Central Bank announced new stimulus measures and as investors greeted further signs of moderation in the US-China trade war.

The broad-based S&P 500 climbed 8.64 points to close the session at 3,009.57, while the tech-rich Nasdaq Composite Index advanced 24.79 points to 8,194.47. "We're swinging back into normal territory with the focus back on trade and monetary policy," said Art Hogan, chief market strategist at National Securities.In a highly-anticipated move, the ECB cut a key interest rate deeper into negative territory, and announced new net purchases of government and corporate debt and support for struggling banks as outgoing chief Mario Draghi urged eurozone governments to spend more.

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