While the Bank of England's moves sent European stocks higher, investors in U.S. stocks moved carefully as they waited for Friday's jobs report. Bank stocks fell the most, as the interest rate cut suggests they won't be able to make as much money on lending. Britain's central bank hadn't cut interest rates since the financial crisis. Quincy Krosby, market strategist at Prudential Financial, said investors were playing it safe as they waited for the Labor Department's July employment report. The measures seemed to exceed investors' expectations, and the bank said the measures could be expanded later if it proves necessary.

Source: ABC News August 04, 2016 14:21 UTC