Stocks fell at the open on Thursday as traders reacted to developments from the European Central Bank, including moves to ease bank financing and a decision not to lower interest rates as some investors had hoped.

The Dow Jones industrial average <.DJI> was down 16.16 points, or 0.15 percent, at 10,923.79. The Standard & Poor's 500 <.SPX> fell 3.02 points, or 0.26 percent, at 1,141.01. The Nasdaq Composite <.IXIC> dipped 3.43 points, or 0.14 percent, at 2,457.08.

(Editing by Jeffrey Benkoe)