MARKET WRAPS

Stocks
U.S. stocks edged slightly higher as the materials and industrial sectors pulled major indexes back into positive territory, erasing earlier losses that had followed three tepid readings on the state of the U.S. economy. "We're not seeing this market sell off on bad news," said Jonathan Corpina, senior managing partner of New York Stock Exchange floor broker Meridian Equity Partners. "I'm pleasantly surprised to see that this market did not sell off, even though it had every opportunity and excuse to do it."

Treasurys
A weak bond auction shook the U.S. Treasurys market out its doldrums Thursday, yanking prices lower after buyers showed tepid interest for 30-year debt yielding below 3%. The bid-to-cover ratio, which is a gauge of overall interest, came in at 2.60--the lowest since August last year. A group of buyers consisting of domestic banks and investment firms, known as direct bidders, purchased 7.2% of the offering. That's the lowest since March.

Forex
The euro rose to the day's high above $1.28 against the dollar Thursday after the head of the European Central Bank held off from signalling a future interest rate cut. Earlier in the day, the ECB kept key interest rates on hold at 1.00%, as expected, after rate cuts in the preceding two months. At a press conference following the bank's decision, Mario Draghi said he saw "substantial downside risks" to the euro-zone economy in an "environment of high uncertainty."