Created: 06/05/2014 12:26 AM
By: The Associated Press
Stocks rose modestly Wednesday, erasing an early decline, as investors waited to hear from the European Central Bank on Thursday.
Policymakers from Europe's central bank are meeting to decide whether or not to lower the eurozone's key interest rate in an effort to further stimulate Europe's economy.
Protective Life soared on news that it was being acquired by a Japanese insurance company.
The Dow Jones industrial average rose 15.19 points, or 0.1 percent, to 16,737.53.
The Standard & Poor's 500 index rose 3.64 points, or 0.2 percent, to 1,927.88.
The Nasdaq composite index rose 17.56 points, or 0.4 percent, to 4,251.64.
For the Week:
The Dow is up 20.36 points, or 0.1 percent.
The S&P 500 is up 4.31 points, or 0.2 percent.
The Nasdaq composite is up 9.03 points, or 0.2 percent.
For the year:
The Dow is up 160.87 points, or 1 percent.
The S&P 500 index is up 79.52 points, or 4.3 percent.
The Nasdaq is up 75.05 points, or 1.8 percent.
(Copyright 2014 by The Associated Press. All Rights Reserved.)