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U.S. stock market climbs after solid data, ECB announcement


U.S. stock-market indexes climbed modestly on Thursday, as the European Central Bank announced that it plans to end its bond-buying program at the end of the year but pledged to keep rates at present levels until at least next summer. A flurry of stronger-than-expected economic data also lent support to stocks. What are markets doing? The S&P 500 SPX, +0.45%  advanced 8 points, or 0.3%, to 2,784 with nine of the 11 sectors trading higher. Consumer discretionary, utilities and real estate shares led the gains, while financials and consumer staples were in negative territory. The Nasdaq Composite Index COMP, +0.75%  gained 44 points, or 0.6%, to 7,740, setting an intraday record. The tech-heavy