US stock markets end higher

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Dow Jones Industrial Average

Last Updated at 21 Feb 2018, 20:59 GMT *Chart shows local time Dow Jones intraday chart
value change %
24797.78 -

Top winner and loser

United Technologies Corp.

129.26 +

Walmart Inc.

91.52 -
value change %

Nasdaq Index

7218.23 -

S&P 500 Cash Index - Chicago Mercantile Exchange

2701.33 -

(Close): US stock markets finished Thursday higher, buoyed by corporate earnings and stabilising oil prices.

The Dow Jones rose 225.48 points to finish at 17,416.85.

The S&P 500 index gained 19.09 points to 2,021.25 while the tech-focused Nasdaq added 45.41 points to close at 4,683.41.

McDonald's shares rose 5% on the news that its chief executive, Don Thompson, is stepping down after two and a half years in the job.

He will be replaced by British-born Steve Easterbrook, the company's current chief brand officer, in March.

Shares in Chinese e-commerce firm Alibaba fell 8.8% after its latest results disappointed. Revenues in the final three months of the year - the firm's third fiscal quarter - rose 40%, but analysts had been expecting more.

Ford shares rose 2.7% after the carmaker's latest results. Fourth quarter net income fell to $52m, down from $3.07bn a year earlier when the figure was inflated by a $2.1bn tax credit. The latest figure was also affected by an $800m charge to cover currency controls in Venezuela.