S&P posts biggest drop since September as ECB disappoints

December 3, 2015 9:59 PM

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S&P posts biggest drop since September as ECB disappoints

The S&P 500 suffered its biggest daily drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus.

The ECB move triggered a spike in the euro EUR= that caught investors by surprise, forcing them to shift positions and that affected many asset classes. Bond prices dropped after the announcement.

Also read: Economy: Jobless claims drop to lowest since 1973; housing starts jump 11%

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