US STOCKS-Wall St gains after ECB stimulus move

jueves 22 de enero de 2015 15:08 GYT
 

* ECB President Draghi announces bond-buying program

* Verizon, American Express fall after results

* Indexes up: Dow 0.7 pct, S&P 500 0.8 pct, Nasdaq 0.9 pct (Updates to midday trading)

By Lucas Iberico Lozada

NEW YORK, Jan 22 (Reuters) - U.S. stocks rose on Thursday after the European Central Bank announced larger than expected measures to stimulate the region's sagging economy.

The ECB will buy 60 billion euros worth of assets per month, more than markets had been hoping for, in a program that will last through September 2016.

Shares in Europe jumped 1.6 percent to close at a seven-year high.

Analysts said that the ECB's decision had for the most part been priced into market activity in previous days' trading, and that many questions still remain about the strength of Eurozone activity.

"Many have said this program is not going to suddenly flip a switch," said John Canally investment strategist at LPL Financial in New York. "It's a long slog and this is the first step."   Continuación...