Market breaking news 8/12/11

1. Bank of England Leave Rates Unchanged at 0.5 Percent, Bond Buying Program Unchanged.


2. ECB Cuts Main Rate to 1 Percent from 1.25 Percent as Expected.

3. Stocks opened lower Thursday as comments from ECB's Mario Draghi appearing to step back from the idea of aggressive bond buying trumped the positive jobless claims news.

Most Dow components opened lower, led by JPMorgan and DuPont.

4. ECB to Conduct Two 36-Months Refinancing Operations; Jobless Claims Fall More than Expected.

5.Stocks traded near session lows Thursday as comments from ECB's Mario Draghi appearing to step back from the idea of aggressive bond buying trumped the positive jobless claims news.

Investors also remained cautious ahead of a crucial summit of European leaders at the end of the week.

All S&P sectors were trading lower, led by financials. 

6. Stocks tumbled in the final minutes of trading to log a sharp decline Thursday after Germany rejected some of the EU summit draft measures and as ECB President Mario Draghi's comments dashed hopes that the central banks would raise its bond purchases of debt-ridden European nations.

The Dow closed below the psychologically-important 12,000 level, led by JPMorgan and BofA.