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US stocks mixed amid ECB rate decisions, oil slide

US stocks mixed amid ECB rate decisions, oil slide
Dow Jones, Nasdaq close with losses; S&P up

The U.S. stock market closed mixed Thursday amid falling oil prices and the European Central Bank's (ECB) decision to cut interest rates.

The Dow Jones industrial index fell 5.23 points to close the day at 16,995 and the Nasdaq lost 12.22 points to end at 4,662.

Meanwhile, the S&P 500 rose less than a point to close at 1,989.

In order to help the Eurozone's weakening economy, the ECB on Thursday trimmed its main interest rate to zero percent. The interest rate on overnight lending facilities was also slashed to 0.25 percent, while the level it charges on excess deposits was shaved to minus 0.40 percent.

The bank said it would increase its monthly volume of bond buying program to €80 billion ($87 billion), from €60 billion ($65 billion).

Meanwhile, falling oil prices contributed to lower stocks.

American benchmark West Texas Intermediate fell as low as $37.22 a barrel, from its previous close of $38.29, marking an almost 3 percent decline. Global benchmark Brent crude decreased to as low as $39.66, from its previous close of $41.07, falling 3.4 percent. 

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