GLOBAL MARKETS-Wall Street Mixed, Oil Jumps as ECB Cuts Rates

GLOBAL MARKET - LONDON/WASHINGTON. Major U.S. stock indices opened Thursday mixed following a European Central Bank rate cut, and oil prices surged over 1% over concerns Hurricane Francine could weigh on U.S. output.

In early morning trading, the Dow Jones Industrial Average was down 0.45%, the S&P 500 dropped 0.22%, but the Nasdaq Composite was up slightly at 0.02%.