In economic data, jobless claims fell by 17,000 to 297,000 last week. The 4-week moving average -- a better gauge of underlying trends -- rose to 299,000, the highest in 10 weeks.
The European Central Bank left interest rates unchanged at record lows. The ECB also cut economic growth forecasts for 2015, down from 1.6 per cent to 1.0 per cent. And at the news conference ECB President Mario Draghi said the bank would reassess the impact of its monetary policy stimulus early next year and take further action if necessary. The ECB will continue to monitor "the broader impact of recent oil price developments on medium-term inflation trends in the euro area" and "address risks of too prolonged a period of low inflation".