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Market Snapshot: Stock futures add to gains after Bank of England cuts rates, expands stimulus

U.S. stock futures added to gains Thursday after the Bank of England on Thursday cut its key interest rate for the first time in seven years and expanded its quantitative-easing program.

Dow Jones Industrial Average futures YMU6, +0.28% rose 31 points to 18,300273, while those for the S&P 500 index ESU6, +0.25% added 3 points to 2,160.57. Nasdaq-100 NQU6, +0.12% futures pared losses, down 0.75 point to 4,727.25.

The BOE cut its key interest rate by 25 basis points to a record low of 0.25%, which met market expectations. However, the central bank also said it would buy up to£10 billion ($13.18 billion) of corporate bonds and expand its quantitative-easing program by £60 billion to £435 billion.

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