US stocks swing to higher close on ECB stimulus plan



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Last Updated at 20 Feb 2018, 20:58 GMT *Chart shows local time Dow Jones intraday chart
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(Close): US stocks swung to a higher close in the wake of the European Central Bank's announcement it plans to buy €60bn ($68.1bn) of bonds a month.

The Dow Jones was ended 259 points higher - or 1.5% - at 17,813.

The S&P 500 gained 31 points to 2,063, while the tech-focused Nasdaq index rose 82, or 1.8%, to 4,750.

The euro dipped to an 11-year low against the dollar with the dollar rising more than 2% to 0.8802 euro cents.

Amid the gains there was some disappointing company news.

American Express shares fell 4% after the company said it was planning to cut about 4,000 jobs, about 6% of its workforce.

Shares in Verizon Communications dropped 1% after it reported a $2.15bn loss for the fourth quarter.

Verizon said average revenue per account rose to $158.82 from $157.21, but was still below analysts' expectations.