Wall Street up on data, ECB move

U.S. stocks rose on Thursday as an interest rate cut by the European Central Bank and better-than-expected weekly jobless claims data in the U.S. boosted investors' appetite for risky assets, a day after the largest drop on the S&P 500 in two weeks.

The Dow Jones industrial average rose 44.54 points or 0.3 per cent, to 14,745.49, the S&P 500 gained 4.73 points or 0.3 per cent, to 1,587.43 and the Nasdaq Composite added 10.99 points or 0.33 per cent, to 3,310.12.

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