U.S. Stock Futures Extend Gains as ECB Unexpectedly Lowers Interest Rates

U.S. stock-index futures extended gains after the European Central Bank unexpectedly cut interest rates.

Futures on the Standard & Poor’s 500 Index expiring in December rallied 1.3 percent to 1,250 at 8:50 a.m. in New York.

ECB officials, meeting under the presidency of Mario Draghi for the first time, cut the benchmark interest rate by 25 basis points to 1.25 percent.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.