US stocks end higher buoyed by ECB meeting



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9408.80
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US markets % change Value
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7768.25
-38.27
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2838.42
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As of 15:23 17 Aug 2018

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Brent Crude Oil Futures
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Gold
Commodity % change dollars per ounce
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Gold (Forex Index am fix)
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1179.65
-7.05
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Natural Gas (Henry Hub Futures)
+1.58%
2.95
+0.05
As of 15:23 17 Aug 2018

(Close): US stocks closed higher on Wednesday, buoyed by the belief that the European Central Bank will enact stimulus measures at the end of its Thursday meeting.

The Dow Jones rose 39.05 points to finish at 17,554.28.

The S&P 500 gained 9.573 points to 2,032.12, while the tech-focused Nasdaq index climbed 12.58 points to 4,667.42.

IBM shares fell 3.10%, making it one of the biggest losers after its guidance for 2015 came in below forecasts.

The world's largest technology services company also reported an 11% fall in net income to $5.5bn for the fourth quarter.

In contrast, shares in internet TV streaming service Netflix surged 17.34% after it reported better-than-expected fourth quarter earnings on Tuesday evening.

Both IBM and Netflix reported their results after the stock market closed on Tuesday, meaning Wednesday was the first opportunity for investors to react.

American Express reported a restructuring involving a cut of 6% of its workforce, 4,000 employees.

The efficiency drive will cost $313m.

Fourth quarter net income was up 11% at $1.45bn.