ECB Signals Further Action in December

Wall Street had a volatile day with disappointing earnings results weighed on the telecom sectors. Losses were then pared with benchmark indices down only mildly. The DJIA and S&P 500 indices dropped -0.2% and -0.1% respectively. US dollar rose against major currencies, especially against the euro after a dovish ECB. Energy prices slipped on US strength and as hopes of OPEC output cut dented.