Not much movement for major indexes
U.S. stock indexes essentially hit the snooze bar Thursday as investors were relieved the European Central Bank didn’t announce any changes to its stimulus policies. Europe’s central bank maintained its current policies and ECB President Mario Draghi said the bank hasn’t even set a date for considering changes. Investors were startled a month ago when he spoke about scaling back the bank’s billions of dollars in monthly bond purchases. The Standard & Poor’s 500 index slipped at the finish and lost 0.38 points to 2,473.45. The Dow Jones industrial average fell 28.97 points, or 0.1 percent, to 21,611.78. The Nasdaq composite rose 4.96 points, or 0.1 percent, to a record high of 6,390. The Russell 2000 index of smaller companies gained 0.58 points to 1,442.35, also a record. Benchmark U.S. crude lost 33 cents to $46.79 a barrel in New York.
Layoffs begin at Indiana Carrier plant
More than 300 Carrier Corp. workers were being laid off Thursday from the company’s Indianapolis factory as part of an outsourcing of jobs to Mexico that drew criticism last year from then-presidential candidate Donald Trump. The nearly 340 workers clocked out after their final shifts at Carrier’s gas furnace factory. Another wave of 290 workers will be let go by Dec. 22 under a timetable the company announced in late May.
FOOD AND DRINK
McDonald’s adds clothing to delivery items
With McDonald’s adding a delivery service, the fast-food giant is offering a new clothing line that includes an adult-size Big Mac onesie. Oak Brook, Ill.-based McDonald’s describes the McDelivery Collection as “a selection of fun, fashion forward items you can wear or use whenever and wherever you order.” It also includes French fry-themed sweatsuits and sandals and hamburger pillowcases.