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Reuters
Abu Dhabi Securities Exchange (ADX)
US stocks down to delay rate cuts in Europe
The US stock market fell on Thursday after record highs after a disappointing quarterly earnings surge by Ford Motor and other companies, following statements by ECB President Mario Draghi, disappointing investors' hopes to see their monetary policy be more relaxed.
The Dow Jones Industrial Average was down 128.92 points, or 0.47%, to 27,141.05.
The Standard & Poor's 500 index yielded 15.87 points, or 0.53%, to record 3,003.69 points.
The Nasdaq Composite Index was down 82.96 points, or 1%, to 8238.54.
ECB President Mario Draghi said Thursday after a meeting of the bank's board of directors that the risk of recession in the eurozone was "very low" and that politicians did not discussed the reduction of interest rates at Thursday's meeting and that they would wait for more information before "taking action".
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