Receive Breaking News updates as they occur
By Sinead Carew NEW YORK (Reuters) - Bond yields rose and the euro dipped on Thursday after the European Central Bank said it would slow its stimulus program from April, while Wall Street struggled to extend the previous session's records. European stocks rose after the ECB decision to reduce the long-running bond buying scheme to 60 billion euros a month, from 80 billion, from April to December 2017. "This isn't going to last forever, but they are saying we are going to keep doing this until inflation comes back," said Larry Milstein, head of U.S. government and agency trading at R.W. Pressprich & Co in New York.
The stock has fallen 41 percent this year, compared with a 36 percent rise in the S&P 500 Department Stores Sub Index. Total revenue fell 14.3 percent to $5.03 billion in the third quarter ended Oct. 29, hit by lower demand at its Kmart and Sears outlets. Sears has not posted an increase in quarterly sales in the past five years.