Stocks Fall On ECB Woes Thursday
Stocks extended their losses as fears out of Europe continued to weigh on sentiment. The European Central Bank held its key interest rate at a record low of 0.75%. In US economic news, factory orders unexpectedly slowed in June. Meanwhile, initial jobless claims ticked higher last week. The retail sector was in focus. The nations largest chain stores were out with July sales results. And General Motors headlined the earnings slate.