Stocks on Thursday pulled back from a sharp rally the previous day, when markets reacted to a liquidity move by the world's major central banks, while the euro edged higher for a fourth day.
The move by the banks to offer cheap dollar loans for struggling European banks helped to soothe investor worries about a global financial crisis.
Their action also pushed the cost of interbank lending lower for the first time since July 22.
Dow Jones Industrial Average
(DJI: ^DJI )| Index Value: | 12,020.03 |
|---|---|
| Trade Time: | 4:03PM EST |
| Change: |  25.65 (0.21%) |
| Prev Close: | 12,045.68 |
|---|---|
| Open: | 12,046.21 |
| Day's Range: | 11,974.69 -12,062.64 |
| 52wk Range: | 10,362.30 -12,928.50 |
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