Opening Bell: U.S. Stocks Slip as ECB Keeps Rates Unchanged; OPEC Fails to Reach Production Freeze

U.S. stocks opened slightly lower on Thursday, as investors parsed commentary from European Central Bank President Mario Draghi, following its June policy meeting. The ECB left key interest rates unchanged - including its deposit rate, which remained in negative territory. The ECB expects eurozone inflation to rise this year and raised its 2016 GDP outlook to 1.6 percent from its previous estimate in March of 1.4 percent. Plus, OPEC members met in Vienna, but failed to reach a production freeze, sending prices lower by roughly 2 percent. Back in the U.S. ADP said 173,000 private sector jobs were created in May, missing forecasts of 175,000. This report tends to foreshadow Friday's jobs report from the government. Also, weekly jobless claims ended May a five-week low, falling by 1,000 to 267,000 claims, according to the Labor Department. Finally, Johnson & Johnson (JNJ) - Get Report plans to purchase Vogue International, a hair car company, for $3.3 billion, with the deal expected to close in third quarter. JNJ shares were roughly flat Thursday. TheStreet's Scott Gamm reports from Wall Street.