US stocks lifted by Ukraine ceasefire

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Last Updated at 21 Feb 2018, 20:59 GMT *Chart shows local time Dow Jones intraday chart
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(Close): US stocks closed higher on Thursday, with investor sentiment lifted by news of an agreement on a ceasefire and withdrawal of heavy weapons in eastern Ukraine.

Investors were also boosted by Sweden's decision to cut interest rates and start quantitative easing.

The Dow Jones rose 110.24 points to close at 17,972.38.

The broader S&P 500 climbed 19.95 points to 2,088.48, while the Nasdaq rose 56.43 points to 4,857.61.

Among individual shares, Tripadvisor leapt nearly 22.5% after the travel review website reported a big rise in fourth quarter revenues, up 35% to $288m.

Shares in travel website Expedia rose 14.5% after it agreed to buy rival Orbitz Worldwide for $1.38bn. Orbitz shares jumped by 22% on the news.

"We are attracted to the Orbitz Worldwide business because of its strong brands and impressive team," said Expedia chief executive Dara Khosrowshahi.

American Express shares fell by 6.4% after Costco stopped accepting its cards in the US.

Cisco Systems jumped 9.4% after reporting stronger-than-expected profits. Quarterly net profit rose to $2.4bn from $1.43bn a year earlier, with revenue up 7% to $11.94bn.