ECB Terminates Bond-Purchase Program

All major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes declined around 2% today following similar losses in Asian markets. Meanwhile, the European Central Bank (ECB) announced the cessation of its bond-buying program, prompting the euro 0.3% fall against the U.S. dollar. In terms of economic data, the Commerce Department reported that U.S. retail sales for November doubled consensus figures with a 0.2% gain. Looking ahead to next week, investors will be watching for the Fed’s December 19 statement and likely 0.25% interest-rate hike.