S&P inches higher as ECB signals gradual rate hikes

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© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE)

By Sruthi Shankar

(Reuters) – U.S. stocks ticked higher on Thursday, after the European Central Bank signaled that any interest rate hike was still far away, even as it moved to end its 2.55 trillion euro stimulus program by the end of the year.

The ECB’s statement came as a relief, especially after the Federal Reserve raised rates for the second time this year on


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