Wall Street gets boost from easing trade concerns, euro zone stimulus

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U.S. stocks were on track for a second straight session of gains on Thursday, after a stimulus drive by the European Central Bank added to an ...

REUTERS: U.S. stocks were on track for a second straight session of gains on Thursday, after a stimulus drive by the European Central Bank added to an upbeat mood from trade concessions by Washington and Beijing ahead of planned negotiations in October.

Investors expect other central banks to deliver similar stimulus programs to prop up a global economy that has been bruised by the Sino-U.S. trade war. The Federal Reserve is also expected to reduce interest rates at its policy meeting next week. Separately, data on Thursday showed U.S. underlying consumer prices in August recorded the largest annual gain in a year, while weekly jobless claims dropped to a five-month low.

 

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