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Dow 12,090.45 -105.92 -0.87%
Nasdaq 2,620.50 -28.71 -1.08%
S&P 1,243.80 -17.21 -1.36%
U.S. stocks fell after European Central Bank President Mario Draghi poured cold water on investor hopes for more aggressive easing measures. Market sentiment turned negative after Draghi deflected questions about more bond buying and the central bank gave no new plans to bail out debt-laden governments. As expected, the ECB cut its key lending rate to 1% from 1.25%, but the bank stopped well short of committing to buying more government bonds. Coming just ahead of a key summit in which euro-zone leaders are expected to unveil new plans to combat the region's sovereign-debt crisis, the comments disappointed those who bet on more aggressive bond buying to defuse the European sovereign-debt crisis.
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