By Ryan Vlastelica
NEW YORK (Reuters) – Stocks rallied Thursday on the New York Stock Exchange in choppy trading after the European Central Bank (ECB) announced, as expected to expand its measures to stimulate the weak economy of the region.
* The session showed the actions going from negative to positive territory after several disappointing earnings reports from market heavyweights led some sales in the morning.
* The ECB monthly assets and buy government bonds for 60,000 million euros, higher than expected amount, through a program that will run until September 2016.
* The shares in New York showed a volatile behavior after the press conference ECB President Mario Draghi; while in the European market soared 1.5 percent.
* Orders for unemployment benefits in the US fell from a seven-month high last week, though the decline was less than expected.
* The Dow Jones industrial average gained 125.80 points, or 0.72 percent, to 17,680.08 points; while the index S & amp; P 500 rose 14.81 points, or 0.73 percent, to 2046.93 units. The Nasdaq Composite index gained 43.708 points, or 0.94 percent, at 4711.129.
* Shares of Verizon Communications fell 2.13 percent to $ 47.22 after announcing a net loss in the fourth quarter, weighed down by Dow Jones.
* The shares of American Express Co also weighed on the Dow, falling 3 percent, to $ 85, a day after announcing it will cut more than 4,000 jobs with growth of expenses and provisions for bad loans.
(Editing by Hernán García Spanish)
© Thomson Reuters 2015 All rights reserved.
No comments:
Post a Comment