US stock futures mixed after European rate cut

NEW YORK (AP) ? U.S. stock futures are mixed after the European Central Bank cut a key interest rate by a quarter-point.

The rate cut was roughly in line with expectations. The bank last cut rates only five weeks ago, on Nov. 3.

Ninety minutes before the U.S. market opening, Dow Jones industrial average futures rose 7 points to 12,221. Standard & Poor’s 500 futures fell 3 points to 1,261.

The market will be closely watching a European economic summit in Brussels scheduled to start later Thursday.