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By Marc Jones LONDON (Reuters) - The euro dived following a brief surge and bond markets were left dazed on Thursday, after the European Central Bank said it would slow its stimulus program from April but also extend it until at least the end of next year. ECB President Mario Draghi stressed that the move, which will see its purchases drop from 80 billion euros a month to 60 billion, was not the kind of Federal Reserve-style 'tapering' that caused a global market selloff in 2013. Wall Street was at record highs as it opened, while European banks climbed as much 4 percent on hopes for an end to pressure on their profits from low interest rates.
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.